Board re-appoints Managing Director and Whole-time Director for 3 years

Management Changes View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

Board on Sep 1, 2026 re-appointed Mr. Ajeet Bhandari Kumar as Managing Director and Mr. Anil Bhandari as Whole-time Director, each for 3 years, subject to shareholder approval at the 36th AGM. Both are from the promoter family and related to other directors on the board.

Likely market impact

Leadership continuity. Promoter family continues to run the company. Re-appointments require shareholder approval at the upcoming AGM.