Mehta Integrated Finance Limited has conveyed its profound sorrow over the unexpected demise of Mr. Chirag D. Mehta, Whole-time Director and Promoter Group Member of the company. On January 2, 2025, Mr. Mehta passed away due to a sudden cardio-respiratory arrest, leaving behind a legacy of dedication and commitment.

Mr. Mehta joined the company’s Board on June 30, 2021, and played a crucial role in steering the company towards growth. His discipline, sincerity, and unwavering dedication have left an indelible mark on the organization and its team. His contributions, both as a leader and a colleague, were widely respected within the company.

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has officially notified the stock exchanges of Mr. Mehta's passing and cessation as a director. Additionally, as per Regulation 31A(6)(c) of SEBI Regulations, he ceases to be a part of the Promoter Group Member category.

The company has emphasized that the sudden and unexpected demise of Mr. Mehta is an irreparable loss. Directors and employees have extended their heartfelt condolences to his family during this difficult time.

Compliance Updates

As required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, the company has provided details about Mr. Mehta’s cessation. He officially ceased to hold the position of Whole-time Director and Promoter Group Member effective January 2, 2025.

Legacy of Leadership

Under his tenure, Mehta Integrated Finance Limited saw significant advancements. His focus on transparency, governance, and compliance has set high standards for the company. His efforts towards aligning the company’s goals with shareholder expectations were particularly noteworthy.

The company, while mourning this great loss, is committed to carrying forward his vision and values. Employees and stakeholders alike remember him fondly for his strategic insight and warm personality.

Condolence Message

The Board of Directors, management, and staff of Mehta Integrated Finance Limited extend their deepest sympathies to Mr. Mehta’s family. Acknowledging his immense contributions, the company will strive to uphold the legacy he leaves behind.

This unforeseen tragedy serves as a reminder of the impermanence of life and the value of appreciating dedicated leaders like Mr. Chirag Mehta, who tirelessly contribute to organizational success.

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