Medico Remedies Limited has informed the Exchange regarding Resignation of Mr Haresh Sanghvi as Other of the company w.e.f. July 30, 2025.
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At a board meeting on July 30, 2025, Medico Remedies approved several leadership changes. Mr. Harshit Mehta was re-appointed as Managing Director for a further three years effective September 17, 2025 to September 17, 2028, subject to shareholder approval. Mr. Haresh Mehta, the founding member and Chairman & Whole-Time Director, will continue in his role even as he turns 70 on August 17, 2025, pending shareholder approval. Mr. Maheshkumar Darji, currently General Manager - Plant, was appointed as Additional Executive Director from the date of DIN allotment. Mr. Haresh Sanghvi resigned as Secretarial Auditor due to medical grounds, and Ms. Shreya Shah (a practicing Company Secretary with 10+ years of experience) was appointed in his place for a five-year term covering FY 2025-26 to FY 2029-30. The board also cleared the notice for the 31st Annual General Meeting.
These are largely routine governance and succession housekeeping items. The auditor change is health-related and a replacement is already lined up, which limits any negative read. The Mehta promoter family retains control of the board, with one internal operations professional (Mr. Darji) added as an additional director — broadly neutral for shareholders.