Simandhar Impex Limited Restructures Leadership as Key Directors and Management Personnel Resign, New Appointments Announced

Simandhar Impex Limited Restructures Leadership as Key Directors and Management Personnel Resign, New Appointments Announced​

Simandhar Impex Limited announced significant changes in its leadership and board composition following a meeting held on June 30, 2026. The company saw several senior members tender resignations while simultaneously approving the appointments of new directors and key managerial personnel.

The Board took note and accepted the resignations of four Directors due to the change in management and control of the Company. These departing individuals included Mr. Harsh Prashant Vora (Chairman & Non-Executive Director, non-Independent), Mr. Prashant Avantilal Vora (Managing Director and Key Managerial Personnel), Mr. Tejas Devendra Shah (Non-Executive Independent Director), and Ms. Meghna Mahendra Savla (Non-Executive Independent Director).

Additionally, the Board accepted the resignations of three Key Managerial Personnel:

• Mr. Gaurav Baid, who served as Chief Financial Officer.
• Ms. Saloni Abhishek Shah, who held the position of Company Secretary.
• The resignation letters from these individuals confirmed that their departure was consequent to the change in control and management of the company.

New Leadership Appointments

To bolster its governance and operational capabilities, Simandhar Impex Limited approved the appointment of several new leaders:

• Chief Executive Officer (CEO): Mr. Lalit Naresh Nagdev, an existing Executive Director, was appointed as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective from the conclusion of the Board meeting.
• Chief Financial Officer (CFO): The company appointed Mr. Amit Suresh Ninawe, an existing Executive Director, as Chief Financial Officer (CFO) and KMP.
• Company Secretary: Ms. Ankita Wamanrao Hande was appointed as Company Secretary, Compliance Officer and Key Managerial Personnel (KMP).

The Board also approved the appointment of several additional directors:


Governance and Compliance Updates

The meeting addressed several critical governance matters for the company:

• Beneficial Interest: The Board took note of the declaration from Mr. Chandraprakash Wadhwani regarding his beneficial interest in equity shares. This stake totals 22,81,615 equity shares, representing 74.64% of the paid-up equity share capital, held through M/s Farmico International Private Limited.
• Committee Reconstitution: The Board approved the reconstitution of key committees, including the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee.
• Auditing and Reporting: The company reviewed and took note of both the Secretarial Audit Report and the Internal Audit Report for the Financial Year ended March 31, 2026. Furthermore, M/s Deepti Joshi & Associates was appointed as the Secretarial Auditor for the Financial Year 2026-27.

The Board also considered and approved the Company's Board's Report for the Financial Year ended March 31, 2026.

CMRGREEN Stock Price Movement​

Shares of CMR Green Technologies Limited are trending up as of 2:08 PM, trading at ₹255.45 after climbing by 0.26% in live market action. The stock saw solid interest, with over 1.56 million shares exchanging hands during the current session.