Appointment of Mr. Dipak hariprasad Dave as Additional Executive Director of the Company w.e.f. 21st may, 2026
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Bizotic Commercial Limited has appointed Mr. Dipak Hariprasad Dave (DIN: 11731696) as Additional Executive Director effective 21st May, 2026. He currently serves as the company's CFO and brings over 36 years of banking experience, having last worked as Senior Vice President at Axis Bank. The appointment was recommended by the Nomination and Remuneration Committee and Audit Committee. He holds qualifications including M.Com., LL.B., Diploma in Labour Law, and CAIIB. The appointment is subject to shareholder approval at the ensuing AGM for FY 2025-26.
This is a routine internal promotion where the existing CFO is elevated to the Board as an Additional Executive Director. The stock is unlikely to see significant reaction as this represents a continuity move rather than a governance change.