The Board of Director of the company in their meeting held on 29th August, 2025, have considered and appointed Mr. Khush Merchant as the Business Head of the Company and designated him ....
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Epuja Spiritech Ltd's board, at its meeting on August 29, 2025, approved the appointment of Mr. Khush Merchant as Business Head of the company, designating him as Senior Management Personnel effective September 1, 2025. Mr. Khush Merchant is the son of Mr. Chetan Merchant, the company's Managing Director, making this a promoter family placement in senior management. He is a graduate of Bayes Business School, London, with expertise in digital innovation, blockchain, and emerging technologies. The appointment was made on the recommendation of the Audit Committee and Nomination and Remuneration Committee. The board meeting concluded at 5:10 p.m.
A promoter family member taking on a senior operational role may raise corporate governance questions for minority shareholders, though his qualifications appear relevant to the company's direction. Investors should watch for clarity on how this appointment aligns with shareholder interests and any changes in business strategy.