Announced Sat, 26 Jul · 16:33 IST

The Board of Directors in their meeting held today appointed Additional Non- Executive Director subject to Approval of Members, and Re- Appointed Mr. Rishab Chajjer as Chairman and Managing ....

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Gujarat Craft Industries Ltd met on 26th July 2025 and fixed the 41st AGM for 29th September 2025 via video conferencing, with 22nd September 2025 as the record date for determining members eligible for the FY2024-25 final dividend, if declared. Mr. Rishab Chhajer, currently Joint Managing Director, was elevated with additional charge as Chairman (designated Chairman & Jt. Managing Director) and recommended for re-appointment as Chairman & Managing Director for three years effective 13th February 2026, subject to shareholder approval. Mr. Parth B. Thakkar was appointed as an Additional Non-Executive Independent Director for five years from 1st September 2025. The Board also appointed M/s. Nishant Pandya & Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30) and reconstituted the Nomination & Remuneration and Stakeholders Relationship Committees effective 1st September 2025.

Likely market impact

These are routine governance updates pointing to leadership continuity, with the promoter-family MD being elevated and re-appointed. The new independent director and new secretarial auditor strengthen board oversight, while the record date signals a likely dividend declaration at the upcoming AGM.