disclosure for: 1. Change in Designation of Mr. Ankur Jain from "Managing Director" to "Non Executive Director" 2. Appointment of Mr. Ankit Jain as Managing Director of the company 3. ....
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The Board has approved a change in designation for Mr. Ankur Jain, a promoter-director, from Managing Director to Non-Executive Director effective August 7, 2025, at his own request. Mr. Ankit Jain, currently a Whole-time Director, will be elevated to Managing Director for a 5-year term starting October 20, 2025, subject to shareholder approval at the upcoming AGM. Separately, M/s M.K.Mangal & Associates, Chartered Accountants, Agra, have been appointed as Internal Auditors for FY 2025-26 (effective April 1, 2025) after the previous internal auditor's term ended. Both Ankur Jain and Ankit Jain have backgrounds in the soap/detergent and real estate businesses, with Ankit Jain noted as running sister concerns of the company.
This is an orderly, planned leadership transition at the top with the outgoing MD remaining on the Board, which should provide continuity for shareholders. No red flags on governance are apparent, and the appointment requires shareholder ratification at the AGM.