India Motor Parts and Accessories Limited has informed the Exchange regarding Appointment of Sri Mukund S Raghvan as Managing Director of the company w.e.f. July 05, 2025.
IMPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Motor Parts and Accessories Limited (IMPAL) announced two key leadership changes approved by the Board on May 16, 2025, effective July 5, 2025, subject to shareholder approval via postal ballot. Mukund S Raghavan (59), currently the Deputy Managing Director since May 2022, will be elevated to Managing Director for a 5-year term. He brings 28+ years of automotive aftermarket experience and holds an MEP from IIM Ahmedabad. N Krishnan (72), the current Managing Director since 1999 and on the board since 1997, will be re-designated as Whole-Time Director for 3 years. Both are internal candidates with deep institutional knowledge, indicating a planned leadership succession.
This is a smooth, well-planned internal succession with no disruption to operations. Shareholders should view it positively as both leaders have long track records with the company, though the appointments require approval through postal ballot.