Change in Management
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aritas Vinyl Ltd's board meeting on May 26, 2026 approved appointment of Mr. Manoj Kumar Rastogi as Additional Non-Executive Independent Director, while accepting the resignation of Mr. Rahul Haresh Bhai Modi from the same position. The company also reported FY26 financials with revenue of Rs. 10,090.34 Lakhs (up 3.3% YoY) and profit after tax of Rs. 475.21 Lakhs (up 16% YoY). Mr. Rastogi, with 37 years of banking experience at Bank of Baroda, will serve a 5-year term subject to shareholder approval. The Nomination and Remuneration Committee was also reconstituted.
The resignation and appointment of independent directors represents normal board turnover. The company maintained governance compliance with an unmodified audit opinion, though the share capital increase from Rs. 1,269.01 Lakhs to Rs. 1,968.87 Lakhs warrants monitoring for dilution impact.