Outcome of Meeting of Board of Directors held on Thursday, September 16, 2025.
Awaiting price reaction for this filing.
Shamrock Industrial Company held a board meeting on October 16, 2025, where the entire Khokhani family-led board stepped down following completion of an open offer (change of control). Four directors resigned: Kamlesh Khokhani (Non-Executive Director), Jitesh Khokhani (Whole-Time Director and CFO), Kalpesh Khokhani (Non-Executive Director), and Neeta Khokhani (Non-Executive Director). In their place, Rattan Kapoor (DIN: 00340970) was appointed as Additional Executive Director and then as Managing Director and CEO for five years. Aryan Chand was also appointed as Chief Business Officer and Key Managerial Personnel for five years. Both new appointees are unrelated to existing directors and are not debarred by SEBI. The resignations and appointments are subject to shareholder approval at the next general meeting.
This is a complete change of control at the board level triggered by an open offer, meaning new management will steer the company's future direction. Shareholders should expect a potential shift in business strategy under the new MD/CEO Rattan Kapoor, an entrepreneur and investor. Stock price may see volatility as the new promoter group settles in and outlines its plans.