Appointment of Managing Director of the Company
Awaiting price reaction for this filing.
Rishab Special Yarns Ltd has appointed Ganesh Yadav (DIN: 10783218) as Managing Director with effect from 30 April 2025 for a 5-year term. Importantly, the board resolution clarifies this is a change of designation — he was already serving as a Director on the board and has been elevated to the MD role. He is a B.Com, MBA (Finance) with experience in accounts, finance, operations, and business development. He holds no shares in the company, is not related to any other director, is not debarred by SEBI, and does not sit on any other listed entity's board. The appointment is subject to shareholder approval at the next general meeting.
This is an internal elevation rather than a fresh external hire, suggesting leadership continuity for shareholders. The MD designation is a key managerial personnel change under SEBI rules, and investors should note that final confirmation depends on approval at the upcoming general meeting. For a small-cap textile company, the MD role carries significant operational responsibility.