Approval of the Board of Directors for appointment of Ms. Dipti Motiani as CEO of the company subject to approval of shareholders of the company.
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Awaiting price reaction for this filing.
Puretrop Fruits Limited announced multiple board decisions on January 12, 2026. The board approved the appointment of Ms. Dipti Motiani (daughter of Managing Director Mr. Ashok Motiani and Whole-time Director Mrs. Nanita Motiani) as CEO effective March 1, 2026, subject to shareholder approval. She has been with the company since 2009 and currently serves as Vice President, holding 6,19,566 shares. Company Secretary Ms. Preeti Jaiswar resigned (effective end of March 2026) and Ms. Vanshika Lunia was appointed as the new Company Secretary and Compliance Officer from February 1, 2026. The company also declared Q3 FY26 standalone results, turning profitable from continuing operations at Rs 260.25 lakhs versus a Rs 334.54 lakh loss in Q3 FY25, with revenue of Rs 2,637.28 lakhs. Separately, the board approved a buyback of up to 11 lakh equity shares at Rs 200 per share, aggregating up to Rs 22 crore (17.42% of paid-up capital and free reserves), via the tender offer route with promoters indicating intent to participate.
The buyback at Rs 200 per share is a clear positive signal for shareholders and could support the stock price. However, the appointment of the promoter's daughter as CEO, combined with the existing MD and WTD roles held by her parents, deepens promoter family control and may be viewed unfavorably by governance-focused investors. Q3 turnaround from continuing operations is a modest positive on fundamentals.