Retirement of Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the AGM held on 11-09-2025, shareholders approved four key items: (1) Retirement of Smt. Manju Parakh (DIN:01417349), who did not offer herself for reappointment; (2) Reappointment of Mr. Venkatesan N (DIN:09760588) as Executive Director for another 3-year term effective 12.04.2026; (3) Appointment of M/s. P Muthukumaran & Associates as Secretarial Auditor for 5 consecutive years (FY 2025-26 to FY 2029-30); (4) Appointment of Mr. Alok Parakh (DIN:01417398) as Non-Executive Director w.e.f. 12.09.2025, who is an engineering graduate with an MBA from ISB Hyderabad and currently MD of the group's packaging vertical.
The retirement of Manju Parakh and immediate appointment of her son Alok Parakh (brother of the existing Managing Director) signals continuity of promoter-family control on the board with no governance break. Largely a routine succession move and unlikely to meaningfully move the stock.