Revised outcome of Board meeting dated 27th February, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its meeting on 27th February 2026, approved two leadership changes effective the same day. First, Mrs. Parul Paresh Lunagaria, wife of Managing Director Mr. Paresh Lunagaria, was moved from Executive Director to Non-Executive Director, and her executive salary and benefits were discontinued — she will now only receive sitting fees for board meetings. Second, existing Independent Director Mr. Nipun Mahendrabhai Doshi (a practicing advocate with 13+ years of experience) was appointed as the new Chairperson of the Board, with no change to his independent status or tenure. The Chairperson role is now held by a Non-Executive Independent Director, and no remuneration beyond sitting fees and commission is payable to him.
This is a neutral-to-positive governance update for shareholders. Shifting the board leadership to an Independent Director Chairperson strengthens board independence, while the promoter's wife moving from an executive to a non-executive role streamlines the family management structure. No direct material impact on financials or operations is indicated.