Outcome of Board meeting
Awaiting price reaction for this filing.
Rishab Special Yarns Limited held a board meeting on April 30, 2025, and approved the appointment of Mr. Ganesh Yadav (DIN: 10783218) as the Managing Director of the company with effect from the same date. The appointment is for a period of 5 years and is subject to approval of members at the upcoming general meeting. Mr. Yadav, who already served as a Director, holds a B.Com and MBA in Finance, with experience in accounts, finance, operations management, and business development. He is not related to any existing director, holds no shares in the company, and is not debarred by SEBI or any other authority from holding a directorship.
This is a routine leadership change with Mr. Yadav transitioning from Director to Managing Director. Shareholders will need to approve the appointment at the next general meeting. The change may signal a renewed strategic direction for the company but no immediate financial or operational impact is indicated.