ORTIN GLOBAL LIMITED has informed the Exchange about change in Management
ORTINGLOBE · price
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At a board meeting on 10 July 2025, Ortin Global Limited carried out a sweeping management reshuffle. Six directors resigned the same day, including the Chairperson & Independent Director Murali Krishna Rayaprolu, Whole-time Director Ramesh Joshi, and three other Independent Directors (Pottur Sujatha, Smitaben Suthar, Pratik Panchal) along with one Non-Executive Non-Independent Director (Rutvikbhai Beladiya). Five fresh faces were appointed: Mr. Prashant Prakash Sawant and Mrs. Prakruti Prashant Sawant (sharing the same surname, both as Whole-time Directors for 3 years), Mr. Sarang Patodekar as new Chairperson & Independent Director (5 years), Mr. Ajay Vishwakarma as Independent Director (5 years), and Mr. Wani Rahul Madanlal as the new CFO. The company also shifted its registered office within Hyderabad and approved converting a loan given by existing Non-Executive Director Pramod Waghe into equity shares at a later date. Audit, Nomination & Remuneration, and Stakeholders Relationship committees were reconstituted with the new members.
This unusually large one-day board churn may concern investors about governance stability and continuity, especially with four independent directors exiting at once. The simultaneous appointment of a likely family pair (the Sawants) as executive directors hints at a change in control or promoter influence, and the director's loan-to-equity conversion could lead to future equity dilution for existing shareholders.