Appointment of Mr. Manjotsingh Surjitsingh Oberoi as Chief Executive Officer (CEO) of the Company
Awaiting price reaction for this filing.
The Board of Directors of Unistar Multimedia Ltd has approved the appointment of Mr. Manjotsingh Surjitsingh Oberoi as the Chief Executive Officer (CEO) of the company, effective September 6, 2025. He will also serve as an Executive Director, with his CEO term set for 5 years or until resignation/retirement, whichever is earlier. Mr. Oberoi holds an MA in Urban and Rural Community Development from TATA Institute of Social Sciences, Mumbai, and brings over 25 years of cross-industry experience spanning security services, manpower, fleet management, fuel retail, poultry and dairy, and restaurant businesses. The appointment was made based on the recommendation of the Nomination and Remuneration Committee. He is not debarred from accessing capital markets by SEBI or any other authority.
This is a routine leadership change with the new CEO bringing diverse multi-sector experience. For shareholders, the market impact is likely neutral unless the new CEO announces a strategic shift in the company's business direction.