Golden Crest Education & Services Ltd Approves New Director Appointments Amid Board Restructuring
Golden Crest Education & Services Ltd conducted a Board of Directors meeting on July 3, 2026, which resulted in key appointments to the board and noted several resignations. The company also outlined critical timelines leading up to its 43rd Annual General Meeting (AGM).Director Appointments and Changes
During the meeting, two new directors were appointed to the Board. Mr. Naresh Prasad Sah was appointed as a Non-Executive Independent (Additional) Director effective July 3, 2026, holding office for five years, subject to shareholder approval at the ensuing AGM. His professional background includes extensive experience in compliance under Companies Act, SEBI Regulations, FEMA Regulations, Labor Laws, and other allied corporate laws.Simultaneously, Mr. Rajesh Gupta was appointed as a Non-Executive (Additional) Director effective July 3, 2026, liable to retire by rotation, pending shareholder approval at the upcoming AGM. Mr. Gupta’s experience is noted in Information Technology and Administration. Both newly appointed directors were affirmed not to be debarred from holding office by virtue of any SEBI order or other authority.
The Board meeting also recorded the resignation of Mrs. Bela Garg, who ceased as a Non-Executive Independent Director, and Mr. Bhola Pandit, who resigned from the position of Non-Executive Director, both effective July 3, 2026, after close of business hours. The company confirmed that its Board composition will be reconstituted following the conclusion of this meeting.
AGM Schedule and Operational Details
The management announced that the 43rd Annual General Meeting (AGM) is scheduled to be held on Monday, August 24, 2026, at 11:00 A.M. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM).To ensure proper governance and voting procedures for the AGM, the company established several key timelines:
- Voting Cut-off Date: Monday, August 17, 2026, was fixed as the cut-off date to record members' entitlement to vote on businesses transacted at the AGM.
- Book Closure: The Register of Members and Share Transfer Books will be closed from Tuesday, August 18, 2026, through Monday, August 24, 2026, for the purpose of the AGM.
- E-Voting Period: The e-voting period is slated to begin on Thursday, August 20, 2026 (9:00 A.M.) and conclude on Sunday, August 23, 2026 (5:00 P.M.).
Mr. Veenit Pal, Proprietor of M/s. Veenit Pal & Associates, has been appointed as the scrutinizer for both the remote E-voting process and the voting process at the AGM.
Board and Committee Structure
The company maintains several key committees comprising its directors. The structure of these committees includes:| Committee Name | Members (Designation/Category) |
|---|---|
| Audit Committee | Mr. Naresh Prasad Sah (Non-Executive Independent Director, Chairperson), Mr. Rajesh Gupta (Non-Executive Director, Member), Mrs. Gurleen Gupta (Non-Executive Independent Director, Member). |
| Stakeholders Relationship Committee | Mr. Naresh Prasad Sah (Non-Executive Independent Director, Chairperson), Mr. Rajesh Gupta (Non-Executive Director, Member), Mrs. Gurleen Gupta (Non-Executive Independent Director, Member). |
| Nomination & Remuneration Committee | Mr. Naresh Prasad Sah (Non-Executive Independent Director, Chairperson), Mr. Rajesh Gupta (Non-Executive Director, Member), Mrs. Gurleen Gupta (Non-Executive Independent Director, Member). |
| Risk Management Committee | Mr. Naresh Prasad Sah (Non-Executive Independent Director, Chairperson), Mr. Rajesh Gupta (Non-Executive Director, Member), Mrs. Gurleen Gupta (Non-Executive Independent Director, Member). |
The full composition of the Board includes Mr. Yogesh Lama as Managing Director and Chief Executive Officer, along with members from both independent and executive director categories.
Stock Price Movement
Golden Crest Education & Services Ltd shares settled flat at ₹373.50 in post-market trading on Wednesday, registering zero percentage change for the day. Throughout the session, the stock moved between its intraday low of ₹373.50 and a high of ₹375.35.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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