Inventure Growth Re-Appoints Kanji B. Rita as MD for 3 Years

MUMBAI — Financial services provider Inventure Growth & Securities Limited announced on Monday, August 3, 2026, that its Board of Directors has approved the re-appointment of Mr. Kanji B. Rita as Chairman & Managing Director for a three-year tenure. The decisions were taken during a board meeting held earlier today in Mumbai following recommendations from the company’s Nomination and Remuneration Committee. The re-appointment ensures leadership continuity for the brokerage and financial services company, pending final approval from shareholders at the upcoming Annual General Meeting (AGM).

Terms of Re-Appointment and Board Restructuring

According to corporate disclosures submitted to national stock exchanges, the new three-year term for Mr. Kanji B. Rita (DIN: 00727470) will officially commence on August 13, 2027, and run through August 12, 2030. Under the conditions of his mandate, the executive position remains liable to retirement by rotation.

In addition to executive leadership extensions, the Board approved the re-appointment of Mr. Surji Damji Chheda (DIN: 02456666) as an Independent Director for a second consecutive term of five years, starting October 1, 2027. Both appointments comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Profile and Governance Disclosures

Mr. Kanji B. Rita began his professional career in 1984 and has been associated with Inventure Growth & Securities Limited since 2002, initially joining as a Whole-Time Director before assuming his role as Chairman & Managing Director. Over two decades, he has managed operations across the capital markets, equity trading, and financial services sectors.

In accordance with mandatory regulatory compliance directives, the company confirmed:

• SEBI Compliance: Neither Mr. Kanji B. Rita nor Mr. Surji Damji Chheda has been debarred from holding executive or directorial positions by order of SEBI or any other statutory authority.

• Family Disclosures: Mr. Kanji B. Rita is disclosed as the father-in-law of Mrs. Lasha Meet Rita.

• Independent Director Qualifications: Mr. Surji Damji Chheda is a practicing Chartered Accountant with over 27 years of experience in corporate law, income tax, and GST compliance.

Official Sources Section

Official information regarding these corporate actions was formally disclosed in a regulatory filing submitted to BSE Limited and the National Stock Exchange of India on August 3, 2026. Complete regulatory filings and governance details are published on the official corporate website of Inventure Growth & Securities Limited.

Statement from the Board

"Pursuant to Regulation 30 of the SEBI Listing Regulations, the Board of Directors of the Company has, on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Kanji B. Rita as Chairman & Managing Director for a three-year term, subject to shareholder approval at the ensuing Annual General Meeting," stated Whole-Time Director Mr. Kamlesh S. Limbachiya in the exchange filing.

Why It Matters

Leadership continuity plays a crucial role in maintaining operational stability for capital market intermediaries:

1. Strategic Stability: Retaining veteran leadership ensures uninterrupted execution of long-term corporate growth strategies in financial services and wealth management.

2. Regulatory Compliance: Timely governance filings demonstrate adherence to SEBI listing requirements, building investor confidence across exchange platforms.

3. Shareholder Approval Oversight: Placing board appointments before the upcoming AGM ensures transparency and aligns executive management with public shareholder expectations.

Key Facts at a Glance

• Executive Re-Appointment: Kanji B. Rita re-appointed as Managing Director for 3 years (Aug 13, 2027 – Aug 12, 2030).

• Independent Board Role: Surji Damji Chheda re-appointed as Independent Director for 5 years starting Oct 1, 2027.

• Governance Standard: Approved by the Board following recommendations from the Nomination and Remuneration Committee.

• Next Regulatory Step: Final ratification required by shareholders at the ensuing Annual General Meeting.

Frequently Asked Questions (FAQ)

What position was Kanji B. Rita re-appointed to at Inventure Growth?

Kanji B. Rita was approved for re-appointment as the Chairman & Managing Director of Inventure Growth & Securities Limited for a three-year term.

When does the new term for Kanji B. Rita take effect?

The re-appointed three-year term starts on August 13, 2027, and concludes on August 12, 2030, following the expiration of his current term.

Are these appointments subject to shareholder approval?

Yes. Both the re-appointment of Kanji B. Rita and Independent Director Surji Damji Chheda require approval from shareholders at the company's ensuing Annual General Meeting (AGM).

Has SEBI issued any restrictions against the re-appointed directors?

No. Official exchange filings confirm that neither director is debarred from holding office by SEBI or any other regulatory authority.

Source: Regulatory filings submitted to BSE Limited, National Stock Exchange of India, and Inventure Growth & Securities Limited.