Appointment of Mrs. Riddhi Lunkad as the Chief Strategy Officer who shall form part of the Senior Management Personnel of the Company.
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Kreon Finnancial Services has appointed Mrs. Riddhi Lunkad as its Chief Strategy Officer, effective February 13, 2026. She will be part of the company's Senior Management Personnel team. Mrs. Lunkad is the spouse of Mr. Jaijash Tatia, the Chairman, Managing Director, promoter and largest shareholder of the company, making her a related party. Because of this related-party status, her appointment requires shareholder approval via a postal ballot (remote e-voting). She brings international experience in supply chain management, planning, ERP implementation, and business strategy, with an MBA from USC and a BBA from UMass Amherst.
This is a related-party appointment — the promoter's spouse is being placed in a senior management role, which may raise governance concerns for minority shareholders who should monitor the postal ballot outcome. Such insider appointments can be perceived as reinforcing promoter control over the company.