Outcome of Board Meeting
Awaiting price reaction for this filing.
The Managing Director, Mr. Vitthal Kumar Jajoo, passed away on April 21, 2026. To fill the casual vacancy, the company appointed Mr. Dharmendra Hasmukhbhai Vyas as the new Managing Director, and Ms. Kamlaben Salvi as an Additional Non-Executive Director, both effective the same day. Mr. Vyas is a graduate in accountancy with over 10 years of experience in accounting activities. Ms. Salvi has over 5 years of experience in accountancy. Neither new director holds directorship in any other listed entities.
The sudden death of the Managing Director creates uncertainty about leadership continuity, though the quick appointment of a replacement may provide some stability. Shareholders should monitor the new leadership's plans.