Manav Infra Projects Limited — Important, 21-04-2025: Updates

The Board of Directors of Manav Infra Projects Ltd. has approved the appointment of Mr. Vipul Vishnu Awaghade as an Additional Director (Non-Executive-Independent), effective immediately, pending shareholder approval. Mr. Awaghade, a Chartered Accountant with a strong background in forensic accounting and auditing, will serve a term of five years. In another significant development, the Board authorized the closure of the Escrow Account established for the Rights Issue. These changes could potentially enhance the company’s governance and operational efficiency, contributing positively to its strategic direction. Investors should observe how these appointments influence company performance and governance practices moving forward.