Sanchay Finvest Reconstitutes Board With Three Appointments, Two Resignations

Board appointed Rohit Mishra and Gaurang Karmakar as Additional Independent Directors for five years, and Lily Mundu as Additional Non-Executive Non-Independent Director, all subject to shareholder approval. Nikhil Mathur and Milan Shah resigned as Independent Directors with immediate effect. Sarthak Sharma was re-appointed Whole-Time Director for five years through 25 August 2031, subject to shareholder approval. This is a broader governance reshuffle during the company’s post-control-change phase: two independent-director appointments offset two exits, while executive leadership remains unchanged. The appointments may help address the company’s prolonged governance gaps, but no committee reconstitution was disclosed. The filing attributes both resignations to personal and professional commitments, with no other material reasons stated. Shareholder approval remains pending, and the changes do not by themselves resolve existing audit, compliance and preference-share issues.