Neptune Logitek Limited has announced the appointment of Mr. Sharvil Bharat Kumar Suthar as an Additional Director in the category of Non-Executive Independent Director. This appointment is for a term of 5 years, commencing from October 23, 2026, subject to shareholder approval. Following this change, the company’s board has also approved the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.
Board Appointments and Committee Reconstitution
Neptune Logitek Limited has made a significant update to its board structure with the appointment of Mr. Sharvil Bharat Kumar Suthar as an Additional Director. He will serve in the capacity of a Non-Executive Independent Director. This appointment is slated to be effective from October 23, 2026, and will be for a term of five consecutive years, pending approval from the company’s shareholders. Mr. Suthar brings a wealth of experience in corporate laws and secretarial practices, with over 12 years in the field.
Details of the New Director
Mr. Suthar is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and holds degrees in Law and Commerce. He is also a Certified Independent Director. His professional background includes extensive expertise in company law, handling listing compliances, conducting board meetings, and advising on corporate governance. He has previously worked with Asian Granito India Limited and co-founded Suthar & Surti, Company Secretaries.
Committee Realignments
In light of the new board appointment, Neptune Logitek Limited has also undertaken a reconstitution of its key board committees. This strategic realignment ensures continued effective governance and oversight. The committees that have been reconstituted, effective from October 23, 2026, include:
- Audit Committee
- Nomination and Remuneration Committee
- Stakeholder Relationship Committee
The details of the committee members and their roles have been provided in Annexure II of the disclosure.
Source: BSE
