Suvidha Infraestate Corporation Announces CFO Appointment and Director Changes Following Board Meeting
Suvidha Infraestate Corporation Ltd has made several significant changes following a Board meeting held on July 24, 2026. The company appointed Mr. Haresh J. Assanani as the new Chief Financial Officer (CFO) and engaged M/s. Kashyap R. Mehta & Partners as Secretarial Auditors. Concurrently, the board noted the resignations of two directors.The Company also completed the reconstitution of its key governance bodies, including the Audit Committee, the Nomination and Remuneration Committee (NRC), and the Stakeholders Relationship Committee, effective July 24, 2026.
Key Appointments and Auditing Decisions
Based on the recommendation of the Nomination and Remuneration Committee (NRC), Mr. Haresh J. Assanani was appointed as Financial Officer of the company, effective from July 24, 2026. He is an experienced finance and accounting professional with over 15 years of experience in corporate financial strategies.M/s. Kashyap R. Mehta & Partners, Practising Company Secretaries, were also approved to serve as the Secretarial Auditors for a term of five consecutive years, spanning from the financial year 2026-27 to 2030-31.
Director Departures and Changes
The Board meeting noted the resignations of two members of the board due to pre-occupations and personal commitments. Mr. Abhijeet A. Goswami resigned from his post as Financial Officer, effective from July 24, 2026. Mr. Hemang S. Yagnesh resigned from his position as Independent Director with immediate effect, also on July 24, 2026. The company confirmed that it meets the requirement for independent directors without filling this vacancy.The updated list of Directors and Key Managerial Personnel (KMP) effective as of July 25, 2026 is detailed below:
| Name of Director/ KMP | Designation |
|---|---|
| Mr. Kishorekumar K. Goswami | Managing Director |
| Mr. Abhijeet A. Goswami | Director |
| Mr. Dharmendra Champaneri | Independent Director |
| Ms. Parul K. Gajjar | Independent Director |
| Mr. Krunal T. Thakkar | Company Secretary |
| Mr. Haresh J. Assanani | Chief Financial Officer |
Board Committee Reconstructions
The Board meeting led to the reconstitution of all major committees, effective July 24, 2026:Audit Committee Composition:
| Committee Position | Name | Company Designation |
|---|---|---|
| Chairperson | Ms. Parul K. Gajjar | Executive & Independent Director |
| Member | Mr. Dharmendra Champaneri | Executive & Independent Director |
| Member | Mr. Kishore K. Goswami | Managing Director |
Nomination and Remuneration Committee (NRC) Composition:
| Committee Position | Name | Company Designation |
|---|---|---|
| Chairperson | Ms. Parul K. Gajjar | Executive & Independent Director |
| Member | Mr. Dharmendra Champaneri | Executive & Independent Director |
| Member | Mr. Abhijeet A. Goswami | Non-Executive Director |
Stakeholders Relationship Committee (SRC) Composition:
| Committee Position | Name | Company Designation |
|---|---|---|
| Chairperson | Ms. Parul K. Gajjar | Executive & Independent Director |
| Member | Mr. Dharmendra Champaneri | Executive & Independent Director |
| Member | Mr. Kishore K. Goswami | Managing Director |
Annual General Meeting and E-Voting Details
The Board of Directors decided to convene the 34th Annual General Meeting (AGM) on Saturday, September 19, 2026, at 12:00 Noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM).Details concerning remote e-voting for the AGM are as follows:
| Activity | Start Date & Time | End Date & Time |
|---|---|---|
| Remote E-voting Commencement | September 16, 2026 at 9:00 a.m. | N/A |
| Remote E-voting End | N/A | September 18, 2026 at 5:00 p.m. |
| Cut-off date for Voting Entitlement | September 12, 2026 | N/A |
| E-voting during AGM cessation | 15 minutes after the conclusion of AGM | N/A |
Stock Price Movement
Suvidha Infraestate Corporation Ltd settled at ₹13.84 on Tuesday, registering zero change in the share price for the day. The stock traded completely flat during sessions, as its intraday high and low were both locked at the ₹13.84 mark.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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