Mehta Integrated Finance Limited has announced with profound grief the untimely demise of Mr. Chirag D. Mehta, a prominent member of its Promoter Group and Whole-Time Director. His sudden passing on 2nd January 2025 due to cardio-respiratory arrest is a significant loss to the organization and its stakeholders.

Chirag Mehta’s Tenure

Mr. Mehta served as the company’s Whole-Time Director since 30th June 2021. His tenure, though short, was marked by his dedication, sincerity, and strategic guidance, which played a key role in shaping the company’s direction.

In an official statement, Kamleshbhai P. Patel, Company Secretary & Compliance Officer, expressed the sorrow felt across the organization:
"Mr. Chirag Mehta’s passing is an irreplaceable loss. His leadership and commitment were invaluable to our growth and governance. Our thoughts are with his family during this challenging time."

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided full disclosure regarding this development. As per Regulation 31A(6)(c), Mr. Mehta will no longer be classified as part of the Promoter Group.

A detailed regulatory filing has been submitted to BSE Limited, containing the following key points:

1. Cessation of Role: Mr. Mehta ceased to be a Whole-Time Director and Director effective 2nd January 2025 due to his untimely death.
2. Reason for Cessation: The reason for the cessation is the unfortunate passing of Mr. Mehta due to cardio-respiratory arrest.
3. Compliance Filing: Details of the cessation have been shared as per SEBI’s circular dated 13th July 2023.

Impact on Mehta Integrated Finance

The company acknowledges this loss as not just a personal tragedy but a professional setback as well. Mr. Mehta’s disciplined approach, combined with his forward-thinking mindset, made him a valued leader whose contributions will have a lasting impact.

Tributes and Next Steps

As a mark of respect, the board of directors and employees have conveyed their heartfelt condolences to Mr. Mehta’s family. The company has assured stakeholders of its continued commitment to the principles and values upheld during his tenure.

This loss reminds us of the fragility of life and the importance of treasuring the contributions of visionary leaders like Mr. Chirag Mehta.

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