The Board in its meeting held today has approved the change in designation of Mr. Harbhajan Singh Thethi from Whole Time Director to Non-Executive Director w.e.f. 01st April, 2026 & Ms. ....
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The board of Associated Coaters Ltd approved key leadership changes effective April 1, 2026. Mr. Harbhajan Singh Thethi will step down as Whole-Time Director and move to a Non-Executive Director role, citing advancing age that limits his ability to handle day-to-day operations. Ms. Navneet Kaur, currently a Non-Executive Director, will be redesignated as Whole-Time Director for a five-year term and will also take over as Chairperson of the company. A postal ballot notice was approved to seek shareholder approval for these changes, with a scrutinizer appointed for the voting process.
This is a routine, planned leadership transition with no sudden departures or governance red flags. The stock is unlikely to see material impact as executive responsibility is shifting within the existing board.