Net Pix Shorts Digital Media Ltd Announces Key Leadership Changes, Director Appointments and Promoter Status Shift
Net Pix Shorts Digital Media Limited announced significant changes in its board composition on July 14, 2026. The company approved the appointment of two new Executive Directors while accepting the resignation of an existing director amid management transitions. These decisions reflect a material shift in the company’s control structure and promoter category.The Board meeting held on Tuesday, July 14, 2026, considered several key matters concerning appointments, resignations, and ownership transfers. The company appointed Mr. Ritesh Tiwari as an Executive Director (Additional), designated as Chairman & Managing Director, and Ms. Alka Tiwari as Executive Director (Additional), designated as Whole Time Director.
The appointment of the two new directors is subject to shareholder approval in the ensuing General Meeting. Key details regarding their appointments include:
| Particulars | Mr. Ritesh Tiwari | Ms. Alka Tiwari |
|---|---|---|
| Designation | Executive Director (Additional) designated as Chairman & Managing Director | Executive Director (Additional) designated as Whole Time Director |
| Date of Appointment | July 14, 2026 | July 14, 2026 |
| Qualification | Commerce graduate | Arts graduate |
| Experience | 15 Years | 5 Years |
| Expertise | Fashion industry | Textile industry |
| Relationship to Other Director | Spouse of Ms. Alka Tiwari | Spouse of Mr. Ritesh Tiwari |
Simultaneously, the company accepted the resignation of Ms. Nazish Furniturewala from her roles as Executive Director and Chief Financial Officer (CFO). The reason cited for the departure was management changes.
In addition to these personnel changes, the Board recorded the transfer of 23,00,000 Equity Shares representing 71.87% of the company's capital. These shares were transferred from Mr. Danish Zakaria Aghadi to Mr. Ritesh Tiwari and Ms. Alka Tiwari in terms of a Share Purchase Agreement.
This transaction resulted in a change in the Promoter and Promoter Group category for Net Pix Shorts Digital Media Ltd. Under the Share Purchase Agreement, Mr. Ritesh Tiwari and Ms. Alka Tiwari will be classified as the Promoters. Consequently, Mr. Danish Zakaria Aghadi, who was previously the existing promoter, is set to cease to be a promoter and is being reclassified into the public category.
Details of the share transfer and ownership transition are summarized below:
| Aspect | Details |
|---|---|
| Shares Transferred | 23,00,000 Equity Shares |
| Percentage of Capital | 71.87% |
| Original Shareholder | Mr. Danish Zakaria Aghadi |
| New Shareholders | Mr. Ritesh Tiwari and Ms. Alka Tiwari |
Stock Price Movement
Net Pix Shorts Digital Media Ltd shares settled at ₹33.60 on Monday, having edged up 5.00% in a positive close. The stock maintained its price throughout the session, trading completely flat as it was locked at ₹33.60 from market open to close.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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