Leadership change: CEO Yogesh Dawda resigns, Bhavik Bhimjyani named Chairman & MD
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Neelkanth Ltd's board on April 21, 2026 approved major leadership changes. Chairman, Wholetime Director & CEO Yogesh Dawda resigned citing personal commitments. Bhavik Bhimjyani, the promoter and a Wharton MBA (ex-Lazard, Merrill Lynch), was appointed as Additional Director/Chairman & MD for 5 years (to April 20, 2031). The board also approved amending the AOA to allow the same person to hold Chairman and MD/CEO roles, and issued a postal ballot notice for shareholder approval.
Promoter Bhavik Bhimjyani taking over as Chairman & MD signals direct promoter oversight. Shareholder approval pending via postal ballot.