Re-appointment of Mr. Varun Moolchandani as Executive Director for period of 2 years effective from 05th May 2026
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Archies Ltd has announced the re-appointment of Mr. Varun Moolchandani as Executive Director for a further term of 2 years starting 5th May 2026. He is a 44-year-old graduate from Delhi University with 26 years of business experience spanning fragrance & cosmetics, international brand tie-ups, team management, and strategic alliances. He holds 18,44,890 shares in the company and is the son of Mr. Anil Moolchandani and nephew of Mr. Jagdish Moolchandani, indicating he belongs to the promoter family. The appointment is subject to postal ballot and was scrutinised by Mr. Shailesh Dayal of M/s Dayal & Maur. His last drawn remuneration was Rs. 1,56,000.
The re-appointment ensures continuity in leadership at the board level. Since Mr. Moolchandani is from the promoter family, it reinforces family control on the board with no material change to governance or strategy direction.