Simandhar Impex Ltd Appoints Two Professionals as Additional Executive Directors
Simandhar Impex Limited has appointed two individuals as Additional Executive Directors in the Professional Category. The appointment was approved by the Board of Directors at a meeting held on June 06, 2026, and is subject to shareholder approval.The company extended the appointment to Mr. Lalit Naresh Nagdev and Mr. Amit Suresh Ninawe, effective from June 06, 2026. Both professionals were appointed following the recommendation of the Nomination and Remuneration Committee.
Professional Profiles and Appointment Details
Mr. Lalit Naresh Nagdev is a qualified Chartered Accountant with over nine years of diversified professional experience spanning finance, banking, audit, taxation, regulatory compliance, and corporate management across India and international markets, including the UAE. His expertise includes overseeing financial compliance, regulatory coordination, ERP implementation, and internal control systems. Earlier, his experience at Axis Bank Ltd in the SME Credit Department provided deep exposure to credit appraisal and risk assessment.Mr. Amit Suresh Ninawe possesses over 13 years of extensive and diversified experience across finance, accounting, taxation, audit, banking, project finance, and regulatory compliance. As a qualified Chartered Accountant, he brings expertise in financial planning, treasury management, budgeting, financial reporting, and internal controls. His background includes significant experience in credit appraisal, risk assessment, and portfolio monitoring within the banking sector.
The details regarding the appointments are summarized below:
| Director Name | Appointment Reason | Date of Appointment | Professional Qualification |
|---|---|---|---|
| Mr. Lalit Naresh Nagdev | Appointment (Change of Management) | 06 June 2026 | Chartered Accountant |
| Mr. Amit Suresh Ninawe | Appointment (Change of Management) | 06 June 2026 | Chartered Accountant |
Compliance and Relationships Disclosure
Regarding regulatory adherence, both appointees were confirmed not to be debarred from holding the office of Director by any SEBI order or other such authority. Furthermore, both Mr. Lalit Naresh Nagdev (DIN: 11709670) and Mr. Amit Suresh Ninawe (DIN: 11707767) are confirmed not to be related to any of the Directors or Key Managerial Personnel or Promoter Group of Simandhar Impex Limited.Stock Price Movement
On Friday, Simandhar Impex Ltd. finished the trading day at ₹147.05, putting its shares up by 1.98% from the previous close. The stock experienced solid movement throughout the session, testing a low near ₹144.00 before reaching an intraday high of ₹147.05.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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