Reappointment of Mr. Damodarbhai Patel as Managing Director and reappointment of Mr. Viral Bhavani as Whole Time Director at the 65th AGM of the company.
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At the 65th Annual General Meeting held on September 27, 2025, shareholders approved the reappointment of Mr. Damodarbhai Patel as Managing Director for a further 3-year term (December 12, 2025 to December 11, 2028) and Mr. Viral Bhavani as Whole Time Director for a 3-year term (October 1, 2025 to September 30, 2028). Both are liable to retire by rotation. Mr. Patel has over 40 years of business experience and has been on the board since 2008, while Mr. Bhavani, an MBA with 15+ years experience, has been on the board since 2020. Neither is debarred from holding director office by any SEBI order.
This is a routine reappointment with no change in leadership direction. For shareholders, it signals continuity in management, but it also reinforces promoter family control of the board since the two appointees are related (father-son) and connected to another Non-Executive Director (spouse/daughter-in-law).