BSECenlub Industries LtdMediumNeutral
Announced Wed, 30 Apr · 17:12 IST

Re-appointment of Mr.Ansh Mittal (DIN:00041986)as Whole Time Director of the Company and Fixation of remuneration payable to him for the period of three (3) years w.e.f.01st May,2025

Promoter Family Board EntryManagement Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Cenlub Industries has re-appointed Mr. Ansh Mittal (DIN:00041986) as Whole-time Director for a period of three years, from May 1, 2025 to April 30, 2028, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Ansh Mittal has been with the company since April 2007 (18 years), is a B.Tech and IE, and currently oversees the Lube Oil Consoles systems manufacturing plant, IT, exports, banking, finance, and audit functions. He holds 348,349 equity shares (7.47%) in the company. He is the son of Smt. Madhu Mittal (Managing Director & Chairperson) and brother of Mr. Aman Mittal (Whole-time Director), confirming the promoter family's continued presence on the board. The company confirmed he is not debarred by SEBI from holding directorship.

Likely market impact

This is a routine re-appointment of an existing promoter-family director and is unlikely to cause any material stock price movement. Shareholders will need to approve the re-appointment and his remuneration at the upcoming AGM.