The Board in its meeting held today approved the re-appointment of Mr. Sudhir Agarwal (DIN: 00051407) for a term of 5 years with effect from January 1, 2027 to December 31, 2031.
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The Board of D. B. Corp Ltd approved the re-appointment of Mr. Sudhir Agarwal as Managing Director for a fresh term of 5 years starting January 1, 2027. He has been with the company since its inception with approximately 35 years of experience in printing and publishing. Under his leadership, the company grew to become India's largest newspaper group with PAN India presence across 3 languages, expanding from 1 state in 1997 to 12 states by 2022. The re-appointment is subject to shareholder approval. Mr. Sudhir Agarwal is the brother of Mr. Girish Agarwal and Mr. Pawan Agarwal, who are also directors on the board.
The re-appointment provides continuity in leadership for D. B. Corp Ltd and is a positive signal for shareholders, as the Managing Director has a long track record with the company. However, it also highlights the family-run nature of the board.