Jullundur Motor Agency (Delhi) Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended the appointment of Shri Varoon Malik, as Director and Managing Director of the Company, for a period of Five (5) years commencing from 01st September, 2026, subject to the approval of Shareholders at the ensuing Annual General Meeting.
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The Board of Directors has recommended the appointment of Shri Varoon Malik as Director and Managing Director for a 5-year term from September 1, 2026 to August 31, 2031, subject to shareholder approval at the ensuing AGM. Malik is currently serving as CEO, having joined the company as COO in January 2019 and promoted to CEO in June 2020. He previously worked at Bennett, Coleman and Co. Ltd. (The Times Group) for over a decade. Malik is a member of the promoter group and is the son-in-law of existing Non-executive Directors and Promoters Shri Deepak Arora and Smt. Shuchi Arora.
The appointment formalises the existing CEO into a long-term Managing Director role, signalling continuity in leadership. However, the promoter family entry onto the board may raise governance considerations for minority shareholders.