Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that Mr. Pradip Lodha, Managing Director, has been appointed as Member of Legislative Assembly (MLA) of ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Pradip Lodha, Managing Director of Karnimata Cold Storage Limited, has been elected as a Member of Legislative Assembly (MLA) for the 233-GARBETA Assembly Constituency in West Bengal, representing the Bharatiya Janata Party. The company has disclosed this appointment under SEBI's disclosure regulations to ensure transparency. Despite the new political role, Mr. Lodha will continue serving as Managing Director and has confirmed that his MLA position will not affect his responsibilities towards the company. A certificate of election dated 04.05.2026 (though the document shows a date discrepancy with 2020) from the Returning Officer was attached as supporting evidence.
The dual role of a listed company's Managing Director as a state legislator could raise governance concerns regarding potential conflicts of interest and time allocation, though the company has assured shareholders that his duties will remain unaffected.