Sahana System Limited — Important, 07-03-2025: General Updates

The Board of Directors has approved the appointment of Mr. Jinang Dineshkumar Shah as an Additional and Non-Executive Independent Director for a five-year term, commencing immediately. This decision follows the resignation of Mr. Ritesh Shivkumar Mishra as an Independent Director, leading to the reconstitution of several board committees. Mr. Shah, a seasoned Company Secretary with extensive experience in Company and Securities Law, will chair the Audit Committee and the Stakeholder's Relationship Committee, while participating as a member of the Nomination and Remuneration Committee alongside other directors. This strategic move aims to enhance governance and operational oversight, potentially positioning the company for stronger performance ahead. Shareholders will need to approve Mr. Shah's appointment at the next general meeting, marking an important step in corporate governance for the company. Investors should monitor these changes closely for indications of future growth and stability.