The Board of Directors at its meeting held today based on the recommendation of Audit Committee and Nomination and Remuneration Committee approved the change in designation of Mr. Manmohan ....
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The board of Annvrridhhi Ventures has approved changing Mr. Manmohan Shreegopal Agrawal's role from Non-Executive Non-Independent Director to Whole-time Director and Chief Financial Officer of the company. The appointment is for a 3-year term starting 26th August 2025 and ending 25th August 2028, subject to shareholder approval at the next AGM. Mr. Agrawal holds an M.Com degree and has over 40 years of experience in accounts, finance, management, audit, and administration. He is the father of Mr. Sarvesh Manmohan Agrawal, who is the promoter and Chairman and Managing Director of the company, and brother of another non-executive director on the board. The decision was taken on the recommendation of the Audit Committee and the Nomination and Remuneration Committee.
A promoter family member is being elevated to the CFO and Whole-time Director role, which brings strong finance expertise into the leadership but may raise concerns about concentration of family control at the top of the company.