Announced Fri, 29 May · 18:19 IST

The Board has re-appointed Mr. Gautam Khandelwal as Whole Time Director designated as executive chairman for a period of 3 years commencing from 30th June 2026, subject to shareholders approval.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.5%1-day move
₹149.20
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AI summary

The Board of Directors has approved the re-appointment of Mr. Gautam Khandelwal as Whole Time Director designated as Executive Chairman for a term of 3 years commencing from June 30, 2026. The appointment is subject to shareholders' approval and was based on the recommendation of the Nomination and Remuneration Committee. Mr. Khandelwal holds a BA in Economics from the University of Mumbai and studied at the London School of Economics, bringing about 36 years of business experience. He belongs to the promoter group but is not related to any other director on the board. This is a routine corporate governance matter ensuring continuity in leadership.

Likely market impact

The re-appointment provides continuity in the company's leadership structure. As this is subject to shareholder approval, it is expected to pass given it involves an existing board member from the promoter group. No immediate material impact on stock price is anticipated from this routine appointment.