
Management Change3 Sept 2026, 08:20 pm
Valencia Nutrition: Paresh Desai Resigns as Non-Executive Director
AI Summary
Valencia Nutrition Limited announced the resignation of Mr. Paresh Desai as a Non-Executive Director, effective September 03, 2026. The company's Board of Directors also approved the Directors' Report and MD&A for FY26, recommended the re-appointment of Mrs. Meghana Turakhia, and appointed Mr. Ashish Kamdar and Mr. Hiren Jain as Additional Directors. Significant business decisions included alterations to the Memorandum of Association to include agri-business and IT services, and the slump sale of five undertakings to newly incorporated subsidiaries. The 13th Annual General Meeting is scheduled for September 29, 2026.
Key Highlights
- Paresh Desai resigns as Non-Executive Director.
- Two new Additional Directors appointed to the Board.
- Company plans slump sale of five business undertakings.
- MoA to be altered for agri-business and IT services.
- AGM scheduled for September 29, 2026.
Price Impact
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