Shivansh Finserve Appoints Pratikshaben Umang Shah as Independent Director, Reshapes Board Committees

1 min read Updated on 02 Aug 2025, 03:05 PM

By ScanX News Team

Overview

Shivansh Finserve Limited has appointed Mrs. Pratikshaben Umang Shah as an Additional Director in the role of Non-Executive & Independent Director for a five-year term. The company has also restructured its board committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholder's Relationship Committee. These changes were decided during a board meeting on August 2, 2025, at the company's registered office in Ahmedabad, Gujarat.

*this image is generated using AI for illustrative purposes only.

Shivansh Finserve Limited, a company listed on the Bombay Stock Exchange (Scrip Code: 539593), has announced significant changes to its board of directors and committee structures. The company, formerly known as Mansarovar Financial Services Limited, made these decisions during a board meeting held on August 2, 2025, at its registered office in Ahmedabad, Gujarat.

Key Appointment

Mrs. Pratikshaben Umang Shah (DIN: 11222883) has been appointed as an Additional Director, taking on the role of Non-Executive & Independent Director. Her appointment is for a five-year term commencing from August 2, 2025, subject to shareholder approval at the upcoming General Meeting.

Professional Background

Mrs. Shah brings over a decade of experience in the finance sector to her new role. The company emphasized that she is not related to any existing directors on the board, ensuring independence in her position.

Board Committee Restructuring

Following Mrs. Shah's appointment, Shivansh Finserve has reconstituted its board committees:

Audit Committee

Role	Name
Chairman	Mrs. Pratikshaben Umang Shah
Member	Mr. Jignesh Shah
Member	Mr. Nehal Shah

Nomination & Remuneration Committee

Role	Name
Chairman	Mr. Nehal Shah
Member	Ms. Pina Shah
Member	Mrs. Pratikshaben Umang Shah

Stakeholder's Relationship Committee

Role	Name
Chairman	Ms. Pina Shah
Member	Mr. Jignesh Shah
Member	Mrs. Pratikshaben Umang Shah

Regulatory Compliance

The company has confirmed that Mrs. Shah is not debarred from holding the office of a director by virtue of any SEBI Order or any other such authority, in compliance with circular No. LIST/COMP/14/2018-19 dated June 20, 2018, issued by NSE.

Meeting Details

The board meeting where these decisions were made lasted for 30 minutes, starting at 2:00 PM and concluding at 2:30 PM. The company has duly informed the Bombay Stock Exchange of these developments in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shivansh Finserve Limited, with its registered office at 22 First Floor, Harsidhh Complex, Opp. Kalupur Commercial Bank, Income Tax, Ashram Road, Ahmedabad – 380014, Gujarat, continues to evolve its leadership structure to meet its corporate governance and operational needs.

Historical Stock Returns for Shivansh Finserve