Announcement under Regulation 30 (LODR)-Change in Management
Awaiting price reaction for this filing.
At the 32nd AGM held on February 10, 2026, shareholders approved several board-level changes. Mr. Pranav Singla was appointed as Managing Director for 5 years starting November 21, 2025, and his cousin Mr. Dhruv Singla was appointed as Whole-Time Director for 5 years starting January 6, 2026. Three Non-Executive Independent Directors — Mrs. Neerja Chathley, Mr. Satinder Singh, and Dr. Venkatagowri Sankara Jayaram Pyla — were also appointed for 3-year terms. Additionally, M/s R. Bansal & Co., Chartered Accountants, was appointed as Statutory Auditor for 5 years (FY2025-26 to FY2029-30). All appointees were confirmed as not debarred by SEBI or any authority. Note: the filing is signed by RCI Industries & Technologies Limited, which may reflect a name mismatch with the listed scrip.
The top executive roles (MD and WTD) going to two cousins from the Singla family signals stronger promoter-family control of the company, which existing minority shareholders should weigh when assessing governance. The appointment of three independent directors and a new auditor for multi-year terms brings more structure to oversight, though the family-led leadership remains the key story for the stock.