Appointment and Resignation of Managing Director
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Milgrey Finance & Investments Ltd has informed the stock exchanges about a change in its top leadership. Shri Nirmal Lunkar (DIN: 05250550) has resigned as Managing Director effective October 3, 2025, citing personal reasons. At the same board meeting, the company appointed Shri Sandeep Gorakh Girase (DIN: 09774182) as the new Managing Director, pending shareholder approval at the next general meeting. The new appointee has over 2 years of experience in finance and stock markets and is not related to any existing director. He is also not debarred from holding directorship by SEBI or any other authority.
The simultaneous exit and entry of the Managing Director ensures leadership continuity, but the appointee's relatively limited experience (just over 2 years) may raise governance concerns among shareholders. Investors should watch for the shareholder vote on the appointment at the upcoming general meeting.