Reappointment of Mr. Damodarbhai Patel as Managing Director of the company and reappointment of Mr. Viral Bhavani as Whole Time Director of the company for further 3 years, subject to approval ....
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Baroda Rayon Corporation has reappointed Mr. Damodarbhai Patel as Managing Director for 3 years (December 12, 2025 to December 11, 2028) and Mr. Viral Bhavani as Whole Time Director for 3 years (October 1, 2025 to September 30, 2028). Both reappointments were approved by the Board on August 27, 2025, based on recommendations of the Nomination and Remuneration Committee and Audit Committee, and remain subject to shareholder approval at the upcoming Annual General Meeting. The disclosure notes that Mr. Damodarbhai Patel and Mr. Viral Bhavani are not debarred from holding directorship by any SEBI order.
These reappointments ensure leadership continuity for the next three years and are likely to sail through shareholder approval. Investors may note the family relationships on the board (MD, WTD, and a Non-Executive Director are immediate family), which is a factor in assessing board independence.