Announcement Under Regulation 30_ Appointment of Managing Director
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AA Plus Tradelink Ltd has appointed Mr. Kirit Kumar Madhavlal as the Managing Director of the company, effective from May 29, 2025. The appointment was approved by the Board of Directors at their meeting held on May 29, 2025, based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee. Mr. Madhavlal will serve for a period of five years, subject to shareholder approval, and brings vast experience in finance and management. He will be responsible for the company's performance, operational planning, and financial control systems. The company confirmed he is not related to any existing director and is not debarred from holding office by SEBI or any other authority.
The appointment of an experienced Managing Director could bring fresh leadership and strategic direction to the company, which may be viewed positively by investors. Shareholders will need to approve the appointment at the next general meeting for it to be fully effective.