Redesignate Mr. Bharat Mohta (DIN 00392090) from Whole Time Director designated as CEO to Whole Time Director designated as Chairman and Managing Director of the Company with effect from 15/11/2025
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The board approved the unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Separately, Mr. Krishna Kumar Mohta resigned as Whole Time Director designated as Chairman & Managing Director effective close of business on November 14, 2025, citing advancing age, and was appointed as Senior Strategic Consultant. His son, Mr. Bharat Mohta, previously the Whole Time Director designated as CEO, was redesignated as Chairman & Managing Director with effect from November 15, 2025, subject to shareholder approval via postal ballot. The CSR and Risk Management Committees were reconstituted accordingly.
This is a smooth promoter-family succession: the founder CMD steps down due to age, and his son takes over as Chairman & Managing Director while continuing as CEO. For shareholders, continuity in leadership is maintained, and the outgoing CMD stays involved as a Senior Strategic Consultant, which may be reassuring for operational stability.