Change in designation of Mr. Jayanti Gaudani (DIN: 03571671) from Whole-Time Director to Managing Director (Key Managerial Personnel) subject to approval of the Members at the ensuing Annual ....
Awaiting price reaction for this filing.
Classic Filaments Ltd has informed the stock exchange that its Board of Directors, at a meeting held on September 3, 2025, approved changing the designation of Mr. Jayanti Gaudani (DIN: 03571671) from Whole-Time Director to Managing Director, effective the same day. Mr. Gaudani was originally appointed as Whole-Time Director on July 30, 2025, and now steps into the Managing Director role, subject to shareholder approval at the upcoming Annual General Meeting. He is a promoter of the company with over 17 years of experience in the textile industry and has been associated with Classic Filaments for the past 10 years. He is related to other promoter directors Mr. Bharat Patel (who is also the CFO) and Mr. Amit Patel (Non-Executive Promoter Director). The company has confirmed he is not debarred from holding directorship by SEBI or any other authority.
This is an internal elevation of an existing promoter-director to the Managing Director role, giving him greater executive authority. For shareholders, this consolidates promoter control at the top management level but is a routine governance update pending AGM approval, with no direct impact on financials or operations expected.