Appointment of Mr. Ravin Saluja as Managing Director of the Company.
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Acme Resources Ltd has appointed Mr. Ravin Saluja (DIN: 00289305) as the Managing Director of the company with effect from April 22, 2025, for a 5-year term ending April 21, 2030, subject to shareholder approval at the next General Meeting. The appointment follows the resignation of the previous Managing Director. Mr. Saluja holds a BSc Honors in Marketing and brings over 25 years of experience across dairy products, real estate, and NBFC businesses, having served as a Director of Acme Resources for the past 3 years and led its operations. He is the son of existing Director Mr. Kuldeep Saluja, indicating a family succession. His remuneration is capped at 5% of net profits (or 10% if there are multiple MDs/WTDs), and he holds no shares in the company.
Shareholders should note this is an internal family-led transition — Mr. Ravin Saluja is being elevated to MD from an existing Director role and will not be liable to retire by rotation. The change brings leadership continuity but also concentrates decision-making within the promoter family, which investors may view as a governance consideration.