StockWatch
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Diversified Commercial Services
Management Change25 Jul 2026, 03:40 pm

Magnanimous Trade Appoints Two Independent Directors

AI Summary

Magnanimous Trade & Finance Ltd announced the appointment of Mr. Darvin Maheshbhai Kiyada and Mr. Rushi Arvindbhai Savliya as Additional Non-Executive Independent Directors. Both appointments are effective from July 25, 2026, for a term of five years, subject to regulatory and shareholder approval. The board also approved the reconstitution of various board committees. Mr. Kiyada has over two years of experience in accounts and finance and has no relationship with existing directors. Mr. Savliya's profile indicates he is a 'multili' (profile incomplete in provided text). Both directors are not debarred from holding office.

Key Highlights

  • Two new Non-Executive Independent Directors appointed.
  • Appointments effective July 25, 2026, for five-year terms.
  • Subject to regulatory and shareholder approvals.
  • Board committees have been reconstituted.
  • New directors have no relationship with existing board members.