Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors approved the re-appointment of Mr. Srikrishna Naik as the Managing Director of the Company with ....
Awaiting price reaction for this filing.
Golden Carpets Ltd announced the re-appointment of Mr. Srikrishna Naik as Managing Director for a period of five years, effective from 9th August 2025. The decision was made by the Board on 8th August 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the upcoming General Meeting. Mr. Naik, a graduate with experience in business management, administration, and marketing, is the brother of Mrs. Meena Bhushan Kerur, a Non-Executive Director on the company's board. The filing confirms he is not debarred from holding a director's office by SEBI or any other authority.
This is a routine re-appointment providing leadership continuity as the existing Managing Director gets another five-year term. Pending shareholder approval, the news is unlikely to cause significant stock price movement, though it signals stable management going forward.