Announced Fri, 28 Aug, 2026 · 17:52 IST
Indong Tea: Rajesh Garg named MD as founder Hariram Garg steps down for health
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Board on 28 Aug 2026 approved three changes: Hariram Garg steps down as MD from 28 Sep 2026 due to health reasons but stays on as Chairman and Executive Director. His son Rajesh Garg, currently a Non-Executive Director, named MD for 5 years till Sep 2031. Akhil Kumar Manglik re-appointed as Independent Director for 5 years from Feb 2027. All subject to shareholder approval.
Likely market impact
Family succession at the top: founder's son named MD. Health-led transition but founder stays as Chairman so leadership continuity is preserved.