Mr. Krishna Kumar Mohta (DIN 00702306) resigned from the position of the Whole Time Director designated as Chairman and Managing Director of the Company with effect from the close of business ....
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Mr. Krishna Kumar Mohta resigned as Whole Time Director designated as Chairman & Managing Director effective end of business on November 14, 2025, citing advancing age. He also stepped down as Chairperson of the CSR and Risk Management Committees. His son, Mr. Bharat Mohta (DIN 00392090), previously Whole Time Director designated as CEO, has been redesignated as Chairman & Managing Director effective November 15, 2025, subject to shareholder approval via postal ballot. The outgoing CMD has been appointed as Senior Strategic Consultant. The same board meeting also approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025.
The change represents a family succession at the top — Bharat Mohta moves from CEO to CMD, consolidating leadership without disruption, while the founder steps into an advisory role. Shareholders are likely to view this as a smooth, planned transition, though the CMD position is subject to postal ballot approval which introduces a minor procedural risk.