Management Change25 Jul 2026, 03:30 pm
Magnanimous Trade Appoints Two New 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 period of five years, subject to regulatory and shareholder approval. The Board also approved the reconstitution of various board committees. The meeting commenced at 02:30 PM and concluded at 03:10 PM.
Key Highlights
- Two new Non-Executive Independent Directors appointed.
- Appointments are effective July 25, 2026, for five years.
- Subject to regulatory and shareholder approvals.
- Board committees have been reconstituted.
- Meeting concluded within an hour.
Price Impact
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