Please find attached herewith intimation for change in Directorate.
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The Board of Directors of Bombay Cycle & Motor Agency Ltd, at its meeting on May 30, 2025, approved the re-appointment of Mr. Chirag Chakor Doshi as Managing Director for a five-year term, running from May 30, 2025 to May 29, 2030. The re-appointment is subject to shareholder approval and was recommended by the Nomination and Remuneration Committee. Mr. Doshi holds a B.A. in Economics from the University of Michigan and an MBA from INSEAD, Paris, and previously worked at Merrill Lynch International Bank in London. He is related to Mr. Chakor L. Doshi, the Chairman Emeritus of the company, indicating a promoter family connection.
Continuity in leadership is maintained as the Managing Director from the promoter family has been re-appointed for another five-year term. Shareholders will need to approve this appointment, and the decision signals stable management control by the existing promoter group, which may be viewed positively by investors seeking leadership consistency.