GRP Limited has informed the Exchange about change in Management
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GRP Limited's board, at its meeting on May 9, 2025, approved three key changes. Hemal H. Gandhi was re-appointed as Executive Director for the period August 22, 2025 to March 31, 2028. Belur Krishna Murthy Sethuram, a veteran with 38 years in the chemical industry and currently an Independent Director at three other listed companies, was appointed as Additional Independent Director for a 5-year term. Rajendra V. Gandhi, an IIT Mumbai alumnus with over 50 years in the rubber industry, was appointed as Non-Executive Director, effective post the upcoming AGM. All three changes are subject to shareholder approval at the ensuing AGM.
The board sees continuity in executive leadership with Hemal Gandhi's re-appointment, while adding experienced independent and non-executive oversight. The appointment of Rajendra V. Gandhi, a relative of the existing MD and Executive Director, signals continued family involvement at the board level, which shareholders may view as a promoter family reinforcement.