Geetanjali Credit and Capital Ltd Appoints New Managing Director and Additional Director; Former MD Passes Away
Geetanjali Credit and Capital Ltd reported significant changes in its board structure following a board meeting held on April 21, 2026. The company announced the appointment of a new Managing Director and an Additional Non-Executive Director, alongside confirming the passing of its former Managing Director.During the meeting, the company formalized the appointment of Mr. Dharmendra Hasmukhbhai Vyas as the Managing Director. His appointment is effective from April 21, 2026, filling a casual vacancy for the post.
The company also appointed Ms. Kamlaben Salvi as an Additional Director for the Non-Executive Category, effective April 21, 2026.
In other material news, the company confirmed the sad demise of Mr. Vitthal Kumar Jajoo, who served as the Managing Director, passing away on April 21, 2026.
The details pertaining to these key appointments and corporate changes are as follows:
New Director Appointments
Mr. Dharmendra Hasmukhbhai VyasMr. Dharmendra Hasmukhbhai Vyas has been appointed as the Managing Director. He is a Graduate in Accountancy and brings over 10 years of experience in the field of accountancy and related activities. His appointment was necessary due to a Casual Vacancy for the post of Managing Director, effective April 21, 2026.
Ms. Kamlaben Salvi
Ms. Kamlaben Salvi has been appointed as an Additional Director for the Non-Executive Category. She possesses over 5 years of experience in the field of Accountancy. This appointment is effective from April 21, 2026.
Management Change
The company confirmed that Mr. Vitthal Kumar Jajoo, previously serving as the Managing Director, passed away on April 21, 2026.For a comprehensive overview of the appointments and the change in management, the details are presented in the tables below.
| Director Name | Designation | Status/Reason for Change | Effective Date | Profile Highlights |
|---|---|---|---|---|
| Dharmendra Hasmukhbhai Vyas | Managing Director | Appointment (Casual Vacancy) | April 21, 2026 | Graduate in Accountancy; >10 years experience. |
| Kamlaben Salvi | Non-Executive Director | Appointment | April 21, 2026 | Experience in Accountancy for >5 years. |
| Vitthal Kumar Jajoo | Managing Director | Demise | N/A | Passed away on April 21, 2026. |
Stock Price Movement
Geetanjali Credit and Capital Ltd settled at ₹6.09 on Monday, reflecting a 5.00% advance, though the listing remains suspended due to non-payment of ALF dues. Throughout the trading day, shares observed a range from ₹5.80 to ₹6.09.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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