Change in KMP and Directorate of the Company.
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Awaiting price reaction for this filing.
On July 23, 2025, Onesource Industries announced that Mr. Vibhu Maurya resigned from his dual role as Managing Director and Chief Financial Officer, citing personal reasons and other pre-occupations. In his place, the board appointed his brother Mr. Shibhu Maurya — currently an advocate practicing in Madhya Pradesh — as Additional Executive Director and then as Managing Director for a five-year term (subject to shareholder approval at the next AGM). To fill the CFO vacancy, Mr. Ronik Sharma (also referred to as Mr. Ronik Jain in the annexure) was appointed as the new CFO on the same day. The Audit Committee was also reconstituted, with Mr. Shibhu Maurya now serving as a member alongside two independent directors. Mr. Vibhu Maurya was identified as a promoter of the company.
This is effectively a same-day family succession, with the promoter's brother taking over both leadership roles — investors should watch the AGM vote on his appointment as MD, as promoter-family control over the top positions may raise governance concerns even though day-to-day continuity is preserved.