DHARAN INFRA-EPC LIMITED has informed the Exchange regarding 'Additional Details as per SEBI Circular on appointment of Managing Director'.
DHARAN · price
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Dharan Infra-EPC has announced a change in the position of Managing Director effective August 7, 2025. Mr. Naresh Karda has resigned as Managing Director but will continue to serve on the Board as a Director. Mr. Devesh Karda, who is related to Mr. Naresh Karda, has been appointed as the new Managing Director for a 5-year term, subject to shareholder approval. Mr. Devesh holds a Diploma in Civil Engineering and has been associated with the company since 2021, with experience in real estate and construction. Mr. Naresh Karda holds 2,00,02,656 shares (0.77% of paid-up capital), while Mr. Devesh Karda holds no shares in the company. The company has confirmed that the incoming Managing Director is not debarred from holding a directorship by SEBI or any other authority.
This appears to be a planned family succession at the top management level, with the outgoing MD retaining a Board seat to likely ensure continuity. For shareholders, this means leadership transition within the promoter family, which may bring stability but also raises questions about succession planning and corporate governance given the related-party nature of the appointment.