Creative Eye Limited is reshaping its leadership slate after a series of board and executive moves captured at the August 3, 2026 meeting. The company disclosed that Sachin Vaman Devare has resigned from his role as Executive Director, effective the same day, signaling a notable shift at the top echelons of the organization. In a note accompanying the resignation, Creative Eye thanked Devare for his contributions and leadership during his tenure.
The board also acknowledged other departures from the boardroom, with Charuhas Shantaram Patil stepping down as an Independent Director and Sanjay Krishna Rane resigning as a Non-Executive Non-Independent Director, both citing personal reasons. The company placed on record its appreciation for the guidance and support provided by these directors, underscoring the value of their governance during their tenure.
On the recruitment front, the board approved a series of additions and continuations designed to bolster governance and leadership. Zuby Kochhar has been re-appointed as a Whole Time Director for a three-year term from June 1, 2026, with remuneration subject to shareholders’ approval. Praful Jadavji Shah was considered and approved as an Independent Non-Executive Director, effective May 26, 2026. In another move, Asha Choudhary was approved as an Additional Director (Non-Executive Independent) for a five-year term from August 3, 2026, subject to shareholder approval. Additionally, Manoj Ramesh Kalgutkar was appointed as Company Secretary and Compliance Officer with effect from August 3, 2026, strengthening the company’s governance and regulatory oversight.
The company also announced plans for an Extraordinary General Meeting to vote on these changes, scheduled for August 25, 2026, with book closure set from August 19 to August 25, 2026. An e-voting window will be available from August 22 to August 24, 2026, and Kirty Vaidya of M/s. Kirty Vaidya & Associates has been appointed as the Scrutinizer for the EGM, ensuring a formal and transparent process as the company realigns its board and leadership team.