
Management Change14 Jul 2026, 07:50 pm
Net Pix Shorts Appoints New Directors, CFO Resigns Amidst Share Transfer
AI Summary
Net Pix Shorts Digital Media Ltd announced significant management changes following a board meeting on July 14, 2026. Ritesh Tiwari has been appointed as Executive Director, Chairman & Managing Director, and Alka Tiwari as Executive Director, Whole Time Director, subject to shareholder approval. The company also accepted the resignation of Nazish Furniturewala as Executive Director & CFO. These changes coincide with the transfer of 23,00,000 equity shares (71.87% of capital) from Danish Zakaria Aghadi to Ritesh Tiwari and Alka Tiwari, leading to a reclassification of promoters. The resignation of the CFO is attributed to this change in control.
Key Highlights
- New Chairman & MD, Ritesh Tiwari, and Whole Time Director, Alka Tiwari, appointed.
- CFO Nazish Furniturewala resigns due to change in company control.
- Significant share transfer (71.87%) completed from Danish Aghadi to new directors.
- Promoter status changes; Ritesh Tiwari and Alka Tiwari become new promoters.
- Appointments are subject to shareholder approval in the upcoming General Meeting.
Price Impact
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