AGM outcome: Founder steps down as MD, son Rajesh Garg becomes Managing Director

At the 36th AGM on 28 Sep 2026, all resolutions were approved. Founder Hariram Garg steps down as Managing Director due to health reasons but continues as Chairman and Executive Director from 1 Oct 2026. His son Rajesh Garg is appointed as the new Managing Director for 5 years till 27 Sep 2031. Madanlal Garg, Rajesh Garg and Rama Garg (family directors) were re-appointed by rotation. Akhil Kumar Manglik re-appointed as Independent Director for 5 years from Feb 2027. Statutory auditor Agarwal Kejriwal and Co re-appointed for 5 years till the 41st AGM in 2031.