Heads Up Ventures Limited, previously known as The Mandhana Retail Ventures Limited, has officially announced the resignation of Mr. Ronak Pankajbhai Seth as a Non-Executive Non-Independent Director of the company, effective from 21st March 2025. This resignation is attributed to Mr. Seth's increasing involvement in his own business ventures, which has made it difficult for him to dedicate the necessary time and attention to his role within the company.

The company has stated that there are no other material reasons for his resignation, aside from the reason mentioned in his resignation letter. Mr. Seth has also stepped down from all committees of the company.

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of his resignation have been communicated to the stock exchanges. The resignation letter, confirming the cessation of his role and requesting approval of the resignation by the Board, was also received. The resignation process will be filed with the Registrar of Companies (ROC) in the form DIR-12, as per the regulatory requirements.

The Board of Directors of Heads Up Ventures Limited has expressed its deep appreciation for Mr. Seth's contributions during his tenure. They also acknowledged his support in the growth of the company. Mr. Seth had been part of the company’s leadership, and his departure marks the end of a valuable chapter for the organization.

As of now, Mr. Seth holds no other directorships in listed companies, as disclosed in the resignation letter. The company’s future directions will proceed without his directorial involvement, and the company continues to focus on its strategic goals with the remaining leadership team.

This communication marks an important development for Heads Up Ventures Limited, and the company assures stakeholders of its continued commitment to transparency and governance.

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