Board appoints new VP for sheet metal fabrication and internal auditor

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₹1068.95

prior close

₹1088.00

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Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-3.0% vs market

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Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

On October 20, 2026, Millworks Technologies Board appointed Sudhir Bellare Rai as Vice President for Sheet Metal Fabrication, designating him as Senior Management Personnel. Rai brings nearly 30 years experience in fabrication, precision machining, and manufacturing operations, previously heading Raitechs, a Tier-1 OEM supplier with over ₹6 crore annual turnover. The Board also appointed S. Janardhan and Associates, Chartered Accountants, as Internal Auditor for financial year 2026-27.

Likely market impact

Strengthens manufacturing leadership and internal audit oversight. Routine governance action with no material financial impact.