Srestha Finvest Ltd Sees Director Changes; Appoints New Independent Board Member and Reconstitutes Key Committees
Srestha Finvest Ltd has announced changes in its board structure following the resignation of two directors and the appointment of a new member. The company's Board of Directors approved these changes during a meeting held on July 03, 2026.Mr. Mayurdwajsinh Sahadevsinh Rana and Mr. Sahadevsinh Babubha Rana tendered their resignations from the Board of Directors effective July 01, 2026. Both directors cited personal reasons and increasing preoccupation with other professional and personal commitments as the reason for stepping down. Following these changes, it is confirmed that Mr. Mayurdwajsinh Sahadevsinh Rana will cease to be a member of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee of Srestha Finvest Ltd.
The Board subsequently approved the appointment of Mr. Dipesh Jaswantlal Shah as an Additional Director, categorized as Non-Executive and Independent. This appointment is effective from July 03, 2026, and is subject to shareholder approval.
Mr. Shah has been described as an experienced person with industry exposure across finance, consultancy, and advisory sectors. Furthermore, the company confirmed that Mr. Dipesh Jaswantlal Shah is not related to any of the existing directors.
In light of these changes, the Board approved the reconstitution of three key committees: the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee. All appointments are effective from July 03, 2026.
The updated composition of the committees is as follows:
Audit Committee Composition
| S.No. | Name of the Committee Members | Designation | Position |
|---|---|---|---|
| 1 | Mr. Umeshbhai Hirjibhai Padariya | Non-Executive - Independent Director | Chairperson |
| 2 | Mr. Dipesh Jaswantlal Shah | Additional Director (Non- Executive, Independent) | Member |
| 3 | Mrs. Sitaben S Patel | Non-Executive - Independent Director | Member |
Nomination and Remuneration Committee Composition
| S.No. | Name of the Committee Members | Designation | Position |
|---|---|---|---|
| 1 | Mr. Umeshbhai Hirjibhai Padariya | Non-Executive - Independent Director | Chairperson |
| 2 | Mr. Dipesh Jaswantlal Shah | Additional Director (Non- Executive, Independent) | Member |
| 3 | Mrs. Sitaben S Patel | Non-Executive - Independent Director | Member |
Stakeholders Relationship Committee Composition
| S.No. | Name of the Committee Members | Designation | Position |
|---|---|---|---|
| 1 | Mrs. Sitaben S Patel | Non-Executive - Independent Director | Chairperson |
| 2 | Mr. Dipesh Jaswantlal Shah | Additional Director (Non- Executive, Independent) | Member |
| 3 | Mr. Umeshbhai Hirjibhai Padariya | Non-Executive - Independent Director | Member |
The appointment of Mr. Dipesh Jaswantlal Shah is for a period of five years, subject to the approval of the company's shareholders.
Stock Price Movement
Srestha Finvest Ltd settled at ₹0.34 today after surging 13.33%. The shares demonstrated significant intraday movement, trading within a range defined by a low of ₹0.28 and a high of ₹0.36.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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