Speedage Commercials Ltd — Important, 29-08-2025: Company Update

Speedage Commercials' Board has approved the appointment of Mr. Nilesh Sheth as an Additional and Independent Director. This decision follows the Nomination & Remuneration Committee's proposal. Mr. Sheth will serve a five-year term, pending approval from shareholders at the upcoming Annual General Meeting. He is a seasoned professional with extensive experience in the metal raw material trading and supply sector, bringing valuable expertise to the Company's leadership and enhancing its governance framework. His appointment is expected to contribute to the Company's strategic direction.