Silverline Technologies Board Restructures Leadership with Regulatory Filings
Silverline Technologies Limited announced significant board restructuring on December 12, 2025, with two new director appointments and three resignations including the CEO position. The company appointed Mr. Jaykumar Chavada as Additional Non-Executive Independent Director and Ms. Nishaben Manishkumar Patel as Additional Non-Executive Non-Independent Director, both subject to shareholder approval. The appointments were made following recommendations from the Nomination and Remuneration Committee, with comprehensive regulatory filings submitted to BSE Limited under SEBI Regulation 30.
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Silverline Technologies Limited announced comprehensive changes to its board structure on December 12, 2025, involving multiple appointments and resignations that will reshape the company's leadership composition. The board meeting, held at the company's registered office in Thane, Maharashtra, addressed significant organizational changes across key positions.
New Board Appointments
The board approved two strategic appointments based on recommendations from the Nomination and Remuneration Committee. The following table outlines the new appointments:
| Position: | Name | DIN | Effective Date |
|---|---|---|---|
| Additional Non-Executive Independent Director | Mr. Jaykumar Chavada | 11420591 | December 12, 2025 |
| Additional Non-Executive Non-Independent Director | Ms. Nishaben Manishkumar Patel | 11420889 | December 12, 2025 |
Mr. Jaykumar Chavada, a dynamic graduate from Gujarat University, brings a professional approach, commitment to excellence, and problem-solving abilities that contribute significantly to the organization's strategic direction. Ms. Nishaben Manishkumar Patel joins as an experienced professional with a postgraduate degree in commerce. Both appointments are subject to shareholder approval and neither appointee is related to any existing directors of the company.
Leadership Departures
The board simultaneously accepted three resignations, all effective December 12, 2025. The departing members and their positions are detailed below:
| Name: | Position | DIN | Reason |
|---|---|---|---|
| Mr. Sodha Mosim Abhubakhar | Non-Executive Non-Independent Director | 10732712 | Pre-occupation with other matters |
| Ms. Aarti Singh | Non-Executive Independent Director | 10288981 | Pre-occupation with other matters |
| Mr. Srinivasan Sitapati Pattamadai | Chief Executive Officer | Not specified | Pre-occupation with other matters |
Ms. Aarti Singh also held directorships in other listed entities, specifically serving as Non-Executive Independent Director at Magnus Steel And Infra Limited, where she was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. All resigning members confirmed that no material reasons existed for their departures beyond those mentioned in their resignation letters.
Regulatory Compliance and Documentation
The company filed comprehensive regulatory disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The formal communication was addressed to BSE Limited at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai, referencing the company's ISIN INE368A01021, Scrip Code 500389, and Symbol SILVERLINE.
| Filing Details: | Information |
|---|---|
| CIN | L46209MH1992PLC066360 |
| Filing Date | December 12, 2025 |
| Meeting Time | 12:30 PM to 1:00 PM |
| Authorized Signatory | Yakinkumar Bansilal Joshi, Managing Director CFO |
| DIN | 10745009 |
Both new appointees have been declared not debarred from holding director positions by SEBI or any other regulatory authority, as required under BSE Circular No. LIST/COMP/14/2018-19. The regulatory filing was digitally signed by Managing Director CFO Yakinkumar Bansilal Joshi from the company's registered office at Unit No. 509, 5th Floor, Centrum IT Park, Near Satkal Hotel, Wagle Industrial Estate, Thane West 400604.
Committee Reconstitution
Following the board changes, Silverline Technologies reconstituted three key committees effective December 12, 2025:
| Committee: | Members |
|---|---|
| Audit Committee | Tathagata Sarkar, Jaykumar Chavada |
| Nomination and Remuneration Committee | Tathagata Sarkar, Jaykumar Chavada |
| Stakeholders Relationship Committee | Tathagata Sarkar, Jaykumar Chavada |
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