Neelkanth: Yogesh Dawda resigns as Chairman & CEO; Bhavik Bhimjyani appointed Chairman & MD

The Board of Directors of Neelkanth Limited, at its meeting on April 21, 2026, approved several key changes. Mr. Yogesh Dawda resigned as Chairman, Wholetime Director & CEO, effective April 21, 2026. Concurrently, Mr. Bhavik Bhimjyani was appointed as an Additional Director, Chairman & Managing Director for a five-year term, subject to shareholder approval. The Board also recommended an amendment to the Articles of Association and approved a Postal Ballot Notice for these appointments and the AOA amendment, as well as the appointment of Mr. Devidas Jayram Shejul as an Independent Director. A scrutinizer for the postal ballot was also appointed.