GRP Limited has informed the Exchange regarding Change in Director(s) of the company.
GRPLTD · price
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Mr. Rajendra V. Gandhi has stepped down as Executive Chairman of GRP Limited after the 51st Annual General Meeting held on 25th July 2025. This change was part of a planned succession already approved by shareholders at the 50th AGM in August 2024, based on the company's Nomination and Remuneration policy. In the same AGM, a Special Resolution has been proposed to appoint him as a Non-executive Non-Independent Director; the voting result is awaited. Mr. Gandhi, therefore, is not leaving the board but transitioning from an executive role to a non-executive one.
This is an orderly, pre-approved leadership transition rather than a sudden exit, which should limit governance concerns. Investors should watch for the voting outcome on the Special Resolution and any future appointment of a new Executive Chairman, as the company is currently without an executive head.