Change in management
Awaiting price reaction for this filing.
On January 6, 2026, the board of RCI Industries & Technologies Limited approved a sweeping leadership overhaul. Three senior officials stepped down the same day: Non-Executive Director and Chairperson Rakesh Garg, Whole-time Director Madan Mohan, and Company Secretary Sarika Kaur — all citing personal reasons. Filling those gaps, the board appointed Mr. Dhruv Singla (a cousin of existing Managing Director Pranav Singla) as Executive Additional Director and Chairperson for a 5-year term, Mr. Naveen Kumar Laroiya as the new Chief Financial Officer, and Mr. Ankit Singla as Company Secretary. Three new Independent Directors — Dr. Venkatagowri Sankara Jayaram Pyla, Mr. Satinder Singh, and Mrs. Neerja Chathley — were also inducted for 3-year terms. All key board committees (Audit, Nomination & Remuneration, Stakeholders Relationship, CSR) were reconstituted, with Mr. Pranav Singla retained as Managing Director.
Same-day exits of the Chairperson, Whole-time Director, and Company Secretary all citing 'personal reasons' is unusual and worth watching closely. The elevation of the MD's cousin (Dhruv Singla) to Executive Chairperson concentrates decision-making within the Singla family, which may be a governance concern for minority shareholders despite fresh independent oversight being added.