1. Re-appointment of Mr. Vipul Shah, CEO & Managing director of the Company due to completion of tenure. 2. Re-appointment of Mr. Arvind Shah, Wholetime director & CFO of the Company ....
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The board of Asian Star Company, a diamond and jewellery player, approved the re-appointment of three directors whose current tenure ends December 31, 2025. Mr. Vipul Shah will continue as CEO & Managing Director, Mr. Arvind Shah as Wholetime Director & CFO, and Mr. Rahil Shah as Wholetime Director — all for a fresh 5-year term from January 1, 2026 to December 31, 2030, subject to shareholder approval. All three belong to the promoter Shah family and are not barred from holding directorships by any SEBI order. The board also approved the unaudited Q1 FY26 results (consolidated net sales of Rs. 71,654.44 lacs and PAT of Rs. 1,934.06 lacs, EPS of Rs. 12.08). The consolidated results reflect a dip in revenue versus the previous quarter but a marginal improvement in profitability year-on-year.
This is a routine continuity announcement — the promoter family retains control of key leadership, which provides stability but raises no new governance concerns. Shareholders will need to approve the re-appointments at the next general meeting. The Q1 results show stable profitability and no major negative surprises.