Mr. Hiteshkumar Gaurishankar Patel is re-appointed as Managing Director of the Company, on the recommendation of Nomination and Remuneration Committee, for a period of five years commencing ....
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Mishtann Foods' Board, meeting on September 24, 2025, re-appointed Mr. Hiteshkumar Gaurishankar Patel as Managing Director for a fresh 5-year term (Sept 24, 2025 to Sept 23, 2030), subject to shareholder approval. Mr. Patel, a promoter, holds 46.85 crore equity shares (43.48% stake) and is not debarred by SEBI. Independently, Ms. Bhumi Jayantkumar Gor resigned as Independent Director, citing personal and professional commitments, effective the same day. The Board promptly reconstituted all five committees — Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management, and CSR — each now comprising three independent directors and the MD where applicable.
Continuity at the top with the promoter-MD re-appointed ensures stable leadership for shareholders, while the quick reconstitution of committees keeps the company compliant with SEBI board composition norms despite one independent director's exit.