Dolphin Kitchen Utensils and Appliances Ltd Appoints New Independent Director as Veteran Steps Down
Dolphin Kitchen Utensils and Appliances Limited, formerly known as Sai Swami Metals and Alloys Limited, has announced changes in its Board of Directors. The company appointed Mr. Vaibhav Jakhaniya as a Non-Executive Independent Director (Additional), while Ms. Vaibhavi Chamanbhai Patel resigned from her post. Both changes are effective from July 01, 2026.The appointment of Mr. Vaibhav Jakhaniya was made based on the recommendation of the Nomination and Remuneration Committee of the Board of Directors. As a Non-Executive Independent Director (Additional), his tenure is noted as being liable to retire by rotation.
Appointment Details: Mr. Vaibhav Jakhaniya
Mr. Vaibhav Jakhaniya, who holds a Bachelor degree in Commerce and is a qualified Company Secretary (ACS), brings experience across Secretarial, Legal, and other related matters. The company confirmed that he is not related to any of the existing Directors.Key details regarding his appointment are summarized below:
| Particulars | Details |
|---|---|
| Appointee's Name | Vaibhav Jakhaniya |
| Designation | Non-Executive Independent Director (Additional) |
| Effective Date | July 01, 2026 |
| Professional Profile | Holds Bachelor degree in Commerce and is a qualified Company Secretary. |
Resignation of Ms. Vaibhavi Chamanbhai Patel
Concurrently, Vaibhavi Chamanbhai Patel resigned from her position as an Independent Director. She tendered her resignation due to pre-occupation with other professional commitments, effective July 01, 2026.In addition to the appointment and resignation, the company acknowledged Ms. Patel's valuable contributions during her tenure.
Details concerning the departure of a key director are provided in the table below:
| Particulars | Details |
|---|---|
| Director Resigning | Vaibhavi Chamanbhai Patel |
| Designation | Non-Executive Independent Director |
| Date of Cessation | July 01, 2026 |
| Reason for Change | Pre-occupation with other professional commitments. |
The company confirmed that the resignation was the only reason for the change in her directorship and stated that she held no directorships in any other listed entities.
Stock Price Movement
Shares of Dolphin Kitchen Utensils and Appliances Ltd. settled on Wednesday at ₹9.11, marking a decline of 1.41% for the day. The stock demonstrated intraday volatility, trading between a low of ₹9.00 and a high of ₹9.17.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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