Intimation of Change in Designation of Keval J Khudai, Vishal P Ashara, Nileshbhai B Bapodara, Siddharth P Gajra and Harsh P nayak and Appointment of Secretarial Auditor at the 37th Annual ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the 37th Annual General Meeting held on September 20, 2025, Jattashankar Industries approved several board changes. Mr. Keval Jayanti Khudai was elevated from Additional Director to Managing Director for a 3-year term; he holds 700,000 shares in the company. Mr. Vishal Prakashbhai Ashara was redesignated as Executive Director (5-year term, 700,000 shares held), and Mr. Nileshbhai Bhagvanji Bapodara as Whole Time Director (3-year term, 721,933 shares held). Mr. Siddharth Parshottam Gajra (Company Secretary) and Mr. Harsh Pankajkumar Nayak (Chartered Accountant) were regularized as Non-Executive Independent Directors for 5-year terms. Additionally, M/s B.S. Vyas & Associates, Ahmedabad-based Practicing Company Secretaries, was appointed as Secretarial Auditor for an initial 5-year term.
These changes formalize the board structure post-AGM, with insider shareholders taking on key executive roles and adding two independent professionals for oversight. For shareholders, this brings stability to management but concentrates executive power among a small group of significant shareholders holding over 2.1 million shares collectively.