Nitesh Jain appointed ED and CFO; Varsha Paun joins as Independent Director
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Rainbow Foundations appointed Mr. Nitesh Jain as Executive Director and CFO effective Sep 30, 2026. He holds an MBA with real estate expertise. He is the son of Joint Managing Director Gajraj Jain and brother of Director Ashish Jain. Mrs. Varsha Namra Paun was also appointed as Non-Executive Independent Director for 5 years. Both appointments were approved at the AGM held on Sep 30, 2026.
Promoter family member joins board as ED and CFO, reinforcing family control. New independent director adds board diversity. No major disruption.