Management Change16 Oct 2026, 08:10 pm
IndiaNivesh Board Notes Director Resignation, Appoints New Independent Director
AI Summary
IndiaNivesh Ltd announced outcomes from its Board meeting held on October 16, 2026. The Board accepted the resignation of Mr. Jagdish Prasad Ridhkaran Pareek as Non-Executive Independent Director. Concurrently, Mr. Sanjay Ramdhari Yadav was appointed as an Additional Non-Executive Independent Director for a term of five years. The Board also approved the reconstitution of its committees. Mr. Pareek cited pre-occupation and personal commitments for his resignation, confirming no other material reasons. Mr. Yadav brings experience in Information Technology.
Key Highlights
- Board noted resignation of Mr. Jagdish Prasad Ridhkaran Pareek.
- Mr. Sanjay Ramdhari Yadav appointed as Additional Non-Executive Independent Director.
- Appointment of Mr. Yadav is for a period of five years.
- Board approved reconstitution of various committees.
- Resignation cited personal commitments and pre-occupation.
Price Impact
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