Chaman Lal Setia Exports Limited has informed the Exchange about change in Management
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Chaman Lal Setia Exports has announced the re-appointment of three key directors at a board meeting held on July 3, 2025. Mrs. Pooja Kukar has been re-appointed as a Non-Executive Independent Director for a second term of five years. Mr. Vijay Kumar Setia (Chairman & Managing Director, ~48 years of rice industry experience) and Mr. Rajeev Setia (Joint Managing Director & CFO, ~47 years of experience) have both been re-appointed for fresh five-year terms. All re-appointments are effective from August 28, 2025 to August 27, 2030, pending shareholder approval via postal ballot. Mr. Vijay Kumar Setia and Mr. Rajeev Setia are related promoter-family members, while Mrs. Pooja Kukar is independent of the promoter group.
This is a continuity announcement with no change in leadership. Shareholders will get to vote on retaining the existing promoter-led management through a postal ballot. The headline 'change in management' is misleading — this reflects re-appointments, not resignations or new appointments, so near-term stock price impact is expected to be neutral.