Cropster Agro Ltd Announces Key Appointments and Board Resignations
Cropster Agro Limited has seen significant changes in its leadership structure, with the company appointing Mr. Vijaykumar Kalabhai Nayak to critical roles while noting the resignations of two directors on July 21, 2026. The company also announced the reconstitution of its Audit, Stakeholders Relationship, and Corporate Social Responsibility Committees.New Appointments at Cropster Agro Ltd
Mr. Vijaykumar Kalabhai Nayak has been appointed to multiple key positions within the company. Effective from July 21, 2026, he assumed the role of Managing Director. Concurrently, he was also named Chief Financial Officer (CFO).Mr. Kalabhai Nayak, who is not related to any existing director at Cropster Agro Ltd, has over eight years of experience as an experienced professional with strong knowledge of finance, business management, and company operations. He possesses good leadership skills, managing financial matters, planning business strategies, and ensuring compliance with legal requirements.
Director Resignations Announced
The board meeting confirmed the resignation of Mr. Jaivikkumar Patel from the post of Managing Director, effective July 21, 2026. The company noted that his resignation stemmed from personal commitments and professional obligations in other works. Similarly, Mr. Jignesh Manilal Shrimali tendered his resignation as Non-Executive and Non-Independent Director, also effective July 21, 2026, citing pre-occupancy in other matters.The company confirmed that both departing directors provided assurances confirming there were no material reasons for their resignations beyond those stated in their respective letters.
Board Committee Reconstructions
Effective July 21, 2026, the board made changes to several key committees:Audit Committee (AC) Composition:
| Sr. No. | Name of Director | Category | Designation |
|---|---|---|---|
| 1. | Mr. Dipak Rana | Chairperson | Non-Executive - Independent Director |
| 2. | Mr. Yatharth Mimrot | Member | Non-Executive - Independent Director |
| 3. | Mr. Chirag Jonwal | Member | Non-Executive - Independent Director |
Stakeholders Relationship Committee (SRC) Composition:
| Sr. No. | Name of Director | Category | Designation |
|---|---|---|---|
| 1. | Mr. Yatharth Mimrot | Chairperson | Non-Executive - Independent Director |
| 2. | Ms. Sejalben Rathod | Member | Non-Executive - Independent Director |
| 3. | Mr. Chirag Jonwal | Member | Non-Executive - Independent Director |
Corporate Social Responsibility Committee (CSR) Composition:
The company outlined two committees related to CSR, with the following members:
- Committee Group 1: Led by Mr. Dipak Rana (Chairman, Non-Executive - Independent Director), alongside Mr. Yatharth Mimrot and Mr. Chirag Jonwal.
- Committee Group 2: Headed by Mr. Yatharth Mimrot (Chairperson, Non-Executive - Independent Director), with members Ms. Sejalben Rathod and Mr. Chirag Jonwal.
Stock Price Movement
At the close of trade today, Cropster Agro Ltd. shares settled at ₹7.28, rising 4.90% on the day. The stock traded within an intraday range, moving from a low of ₹7.18 to reach its peak of ₹7.28.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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