Nandani Creation Limited Announces Board Restructuring: New Independent Directors Appointed and Key Executives Reappointed
Nandani Creation Limited has undertaken significant changes to its board composition, announcing the cessation of several long-serving independent directors, the appointment of three new independent directors, and the re-appointment of key management personnel. These decisions were approved during a Board meeting held on July 9, 2026.The company confirmed that Mr. Gagan Saboo, Mr. Gourav Jain, and Mr. Neetesh Kabra will cease to be Independent Directors. Their tenure completion is slated for August 14, 2026, following two consecutive terms of five years each.
New Appointments and Reappointments
The Board approved the appointment of three new independent directors and the re-appointment of key management personnel, effective from August 15, 2026. The appointments include Mrs. Nupur Khandelwal, CA Pranay Maheshwari, and Mrs. Megha Khandelwal as Independent Directors. Furthermore, Mr. Anuj Mundhra was reappointed as a Managing Director, while Mrs. Vandana Mundhra and Mrs. Sunita Devi Mundhra were both re-appointed as Whole Time Directors.The details of the newly appointed independent directors are presented below:
| Name | Brief Profile | Effective Date |
|---|---|---|
| Mrs. Nupur Khandelwal | A Fellow Chartered Accountant with over 9 years of experience in Corporate Finance, Taxation, Audit, and Financial Strategy. | August 15, 2026 |
| CA Pranay Maheshwari | A Fellow Chartered Accountant with more than 7 years of experience in Corporate Finance, Taxation, Audit, and Risk Management. | August 15, 2026 |
| Mrs. Megha Khandelwal | A Fellow Company Secretary with over 12 years of experience in corporate advisory and legal consultancy. | August 15, 2026 |
The re-appointments for the company's management are as follows:
| Director | Role | Term Length |
|---|---|---|
| Mr. Anuj Mundhra (DIN: 05202504) | Managing Director | Five years, from August 15, 2026, to August 14, 2031 |
| Mrs. Vandana Mundhra (DIN: 05202403) | Whole Time Director | Five years, from August 15, 2026, to August 14, 2031 |
| Mrs. Sunita Devi Mundhra (DIN: 05203015) | Whole Time Director | Five years, from August 15, 2026, to August 14, 2031 |
Governance and Committee Reconstitution
In light of these changes in directorship, the Board approved the reconstitution of several key committees, effective from August 15, 2026. These committees include the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee.The company also confirmed that Mrs. Nupur Khandelwal, CA Pranay Maheshwari, and Mrs. Megha Khandelwal have received confirmation that they are not debarred from accessing capital markets or restrained from holding the office of director by any authority.
JAIPURKURT Stock Price Movement
Today, shares of Nandani Creation Limited edged higher to close at ₹28.00, rising 1.16% in a positive session. The stock traded within an intraday range spanning from ₹27.1 to ₹28.6 and saw a total traded volume of 436 shares.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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