Disclosure in term of Regulation 30 (LODR) Regulation, 2015- Change in Mangement
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Manraj Housing Finance has informed the stock exchanges about two board-level reappointments approved at a board meeting on 30 August 2025. Mr. Ishwarlal Jain Shankarlal, the promoter, has been reappointed as Managing Director for a consecutive five-year term effective 1 October 2025. Mr. Piyush Ashok Bedmutha, currently an Independent Director, has been reappointed for a second consecutive five-year term effective 31 August 2025. Both reappointments are subject to shareholder approval at the next general meeting.
This is a continuity announcement with no change in leadership or strategy. Existing management and board composition are maintained, which should be neutral to slightly positive for shareholders looking for stability.