Intimation of Re-appointment of Joint Managing Director & Whole-time Director of the Company
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CWD Limited has informed BSE that shareholders, through a postal ballot, have approved the re-appointment of three executive directors for a five-year term from December 31, 2025 to December 30, 2030. Mr. Tejas Kothari and Mr. Siddhartha Xavier have been re-appointed as Joint Managing Directors, while Mr. Aditya Xavier has been re-appointed as Whole-time Director. The three directors bring extensive experience spanning consumer electronics and technology, and have been credited with the company's expansion across multiple segments. The re-appointments were cleared via the postal ballot notice dated November 21, 2025, with voting results confirmed by the scrutiniser's report.
This is a continuity announcement with no change in management direction, so it should have no meaningful impact on the stock price. Shareholders may note that two of the executive directors (Siddhartha and Aditya Xavier) are brothers, and Mr. Tejas Kothari is the husband of Non-Executive Director Mrs. Amishi Kothari, indicating significant family representation on the board.