Announced Thu, 1 Oct, 2026 · 15:36 IST
Promoter brothers appointed as MD and Whole-time Director for 5 years
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Shareholders at the 16th AGM on September 30, 2026 approved the appointment of Mr. Maganlal Parvadiya as Managing Director and Mr. Chandubhai Parvadiya as Whole-time Director, both for a 5 year term effective August 31, 2026. Both are promoters and brothers with over two to three decades of textile industry experience. Maganlal is father of CFO Paras Parvadiya. Neither is debarred by SEBI.
Likely market impact
Strengthens promoter family control with MD, WTD, and CFO roles all held by Parvadiya family members.