Creative Eye Limited has informed the Exchange about change in Management
CREATIVEYE · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.2 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Creative Eye Limited held an Extraordinary General Meeting on February 13, 2026, where shareholders approved a series of management changes effective the same day. Mr. Ashutosh Dheeraj Kumar Kochhar was appointed as Managing Director for a 5-year term; he is the son of the company's Chairman and Executive Director, Mrs. Zuby Kochhar, making this a promoter-family appointment. Mr. Sachin Devare, a Chartered Accountant with over 18 years of finance and auditing experience, was appointed as the new Chief Financial Officer. The statutory auditor M/s. NGS & Co. LLP resigned, creating a casual vacancy that was filled by M/s. STDJ & Co., Chartered Accountants, who will serve until the next AGM. Additionally, M/s. Kirty Vaidya & Associates was appointed as the new Secretarial Auditor for FY 2025-26.
The MD appointment reinforces promoter-family control of the company, which may please long-term family-aligned investors but could limit perceived board independence. The mid-term switch of statutory auditors, without disclosed reasons for the prior auditor's exit, is a governance red flag that investors should watch closely, as sudden auditor changes sometimes signal accounting disagreements.