Re-appointment of Mr. Saurabh Singh Mehta (DIN: 00023591) as Whole-Time Director designated as Joint Managing Director (JMD) of the Company.
KRITINUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Kriti Nutrients Ltd approved the re-designation of Mr. Saurabh Singh Mehta (DIN: 00023591) from Whole-time Director to Joint Managing Director effective 5th May 2026, for his remaining tenure up to 31st July 2027. He is also being re-appointed as JMD for a further 3 years from 1st August 2027 to 31st July 2030, subject to shareholder approval at the ensuing General Meeting. Saurabh Mehta, son of Chairman and MD Shiv Singh Mehta, holds a Bachelor's in Computer Science from Ohio State University and an MBA from S.P. Jain Institute. The group has an annual turnover of approximately Rs. 1,500 crore. Shiv Singh Mehta is also being re-appointed as Chairman and MD for 3 years from 12th January 2027. All appointments require shareholder approval.
The re-appointment and elevation of a promoter family member (Saurabh Mehta, son of Chairman Shiv Singh Mehta) to JMD continues the family's control over key leadership positions. This may raise governance concerns for minority investors, as no external appointment process is indicated and related parties are disclosed as interested in the resolutions.