Announced Wed, 1 Oct · 17:20 IST

Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Hardcastle & Waud Manufacturing Company has informed the stock exchange that its members approved three key governance items. First, Mr Banwari Lal Jatia (DIN: 00016823) has been re-appointed as Managing Director for a 3-year term starting 1st April 2026, ensuring leadership continuity. Second, Mr Manekchand Panda (DIN: 00015759) has been appointed as an Independent Director for 5 years effective 12th August 2025, strengthening the board with an additional independent member. Third, M/s SKJP & Associates, Practicing Company Secretaries, has been appointed as Secretarial Auditors for a 5-year period covering FY2025-26 through FY2029-30. The filing was made under SEBI Listing Regulations and signed by the Company Secretary.

Likely market impact

This is a routine governance update with no material impact on shareholders. The re-appointment of the existing MD signals leadership stability, while the new Independent Director and long-tenure Secretarial Auditor strengthen board oversight and compliance functions over the medium term.