Change in Designation of Mr. Mohit Sharma from Non-Executive Director to Executive (Whole Time) Director.
Awaiting price reaction for this filing.
Tacent Projects Ltd (formerly Rahul Merchandising Limited, Scrip Code: 531887) announced that its Board, at a meeting held on May 23, 2025, approved the re-designation of Mr. Mohit Sharma (DIN: 07717249) from Non-Executive (Non-Independent) Director to Executive (Whole Time) Director with immediate effect. The change is subject to shareholder approval at the upcoming General Meeting. Mr. Sharma, who also serves as the company's Chief Financial Officer, holds 22 years of experience in manufacturing, trading of electric wires & cables, and EPC project execution. No familial relationship with other directors was disclosed. The filing also updated the list of Key Managerial Personnel authorised to determine materiality of disclosures.
This is an internal re-designation rather than a new external appointment, so it signals greater day-to-day executive involvement from a director who already handles the CFO role. For shareholders, the operational impact is modest and the news is likely to be price-neutral.