Khyati Global Ventures Ltd
Khyati Global Ventures appoints Amit Futarmal Jain as Independent Director
MANAGEMENT
● No Immediate Change
LOW RISK
📅 Filed on BSE: 30 Apr 2026, 04:57 PM IST · BSE ID: 1e838c9d-be55-4268-bffd-a2b03cc09e0d
View Original BSE Filing (PDF)
💡
In Simple Terms
The company replaced an Independent Director who resigned with a new appointee approved by the board, pending shareholder vote.
🤖 AI Summary
- Board appointed Amit Futarmal Jain (DIN: 00244509) as Independent Director for five years effective April 30, 2026
- Appointment subject to shareholder approval; Jain confirmed not debarred by SEBI or other authorities
- Farhaad Dastoor (DIN: 08734847) resigned as Independent Director effective April 29, 2026 citing personal commitments
- Dastoor ceased membership in Audit Committee and Nomination & Remuneration Committee following resignation
- Company reconstituted all board committees consequent to change in board composition
🔢 Key Numbers — exact figures from BSE filing, not rounded
Independent Director tenure
5 consecutive years
Effective date of new appointment
April 30, 2026
Resignation effective date
April 29, 2026
🏢 How This Affects the Company
Board governance structure restored following Independent Director resignation. New Independent Director appointment maintains quorum and committee functionality. Shareholder approval required to complete appointment formality.
Temporary governance vulnerability eliminated by same-day board replacement. New appointee confirmed not debarred by any regulatory authority, reducing director-level compliance risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must vote on Amit Futarmal Jain's appointment as Independent Director at next General Meeting or through postal ballot notice.
👤
Who Is Affected
All shareholders must approve the appointment for it to become permanent. Current and future shareholders benefit from immediate board continuity versus delayed replacement.
🔍
Management Signal
Management prioritized swift governance continuity by appointing replacement director same day, signaling commitment to uninterrupted board functioning.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder approval notice or postal ballot outcome for Jain's appointment confirmation
Committee reconstitution details — watch Annexure C filing for new committee member assignments
Next board meeting disclosures to confirm committee functionality and Jain's participation
LOW RISK
Replacement director appointed same day as resignation. SEBI compliance confirmed. Minimal governance disruption risk. Only contingency is shareholder rejection.
💡 Investor Takeaway
Board filled Independent Director vacancy same day as resignation, maintaining governance structure. New appointee Amit Futarmal Jain confirmed compliant with SEBI regulations. Appointment effective April 30, 2026, subject to shareholder approval. No stated operational or financial disruption from change.
⚖️ Strengths & Concerns
✅ Positives
- Replacement director appointed same day as resignation, avoiding governance gap or delayed board decisions
- New director confirmed SEBI-compliant and not debarred by any regulatory body per Listing Regulations
⚠️ Concerns
- Appointment conditional on shareholder approval; not yet formalized if shareholders reject candidacy
- No details provided on new director's qualifications, experience, or committee assignments in main filing