Re-appointment of Mr. Prakashbhai Kanjibhai Kakkad as an executive director designated as a CFO for a further period of 2 years with effect from November 28, 2025
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Awaiting price reaction for this filing.
Mahasagar Travels has re-appointed its existing promoter and CFO, Mr. Prakashbhai Kanjibhai Kakkad, for another 2-year term starting November 28, 2025, until November 27, 2027. Mr. Kakkad will be turning 70 this financial year, so his re-appointment requires shareholder approval through a special resolution at the upcoming AGM on September 20, 2025. He holds about 1% equity (79,000 shares) and looks after accounts, finance, and business development. The board also approved the 32nd AGM notice and appointed a scrutinizer for the AGM. The company clarified he is not barred from holding a director's office under any SEBI order.
This is a routine continuity move — the same promoter continues as CFO with no change in leadership. Shareholders will need to vote on this at the AGM, but it is unlikely to affect the stock price since it simply extends the existing arrangement.