Praveg Limited has announced the resignation of Mr. Bhumit Patel from his position as Whole-time Director, effective December 31, 2025. According to the company's disclosure to BSE Limited, Mr. Patel, holding Director Identification Number (DIN) 02796255, submitted his resignation citing preoccupancy and engagements in various professional assignments and social activities. The resignation letter was dated December 31, 2025, marking the effective date of his departure from the company. The company has confirmed that there are no other material reasons for Mr. Patel's resignation beyond those stated in his resignation letter.
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI regulations, also referencing SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Praveg Limited has provided detailed information as required under the regulatory framework and enclosed a copy of the resignation letter dated December 31, 2025, as received from Mr. Patel with their disclosure documentation.
According to the company's disclosure, Mr. Patel also held positions at Jhaveri Credits and Capital Limited, where he served as Non-Executive Director and Chairman of Stakeholders Relationship Committee. He resigned from these positions at Jhaveri Credits and Capital Limited on the same date, December 31, 2025, indicating a comprehensive departure from his directorial responsibilities across multiple companies.
The disclosure was signed by Mukesh Chaudhary, Company Secretary and Compliance Officer of Praveg Limited. The company has fulfilled their regulatory obligations by ensuring transparency with stakeholders and regulatory authorities regarding the directorial change. The required details under Regulation 30 have been provided as Annexure-A to the disclosure, along with the copy of the resignation letter for complete documentation.
