Mr. Bhavik Bhimjyani has been appointed as an Additional Director in the capacity of Chairman & Managing Director of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neelkanth Limited announced the resignation of Mr. Yogesh Dawda as Chairman, Wholetime Director & CEO effective April 21, 2026, citing personal commitments and pre-occupation. Simultaneously, the company appointed Mr. Bhavik Bhimjyani, a Promoter and MBA from Wharton School, as Additional Director in the capacity of Chairman & Managing Director for a 5-year term, subject to shareholder approval via postal ballot. The company also amended its Articles of Association to allow the same individual to hold both Chairperson and Managing Director positions. The new KMP structure now includes Mr. Bhavik Bhimjyani (Chairman & MD), Mr. Ajinkya Gade (CFO), and Ms. Mahima Shah (Company Secretary).
The change represents a significant leadership transition from a professional CEO to a promoter-led management structure, which could signal increased family control over operations. Shareholders should note that the appointments are pending their approval through postal ballot.