Rajoo Engineers Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 17, 2025.
RAJOOENG · price
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Rajoo Engineers' board approved four key changes effective June 17, 2025. Mr. Hasmukhlal Ambavibhai Manavadaria was appointed as an Additional Independent Director for 5 years, bringing nearly three decades of experience in agricultural machinery. Mr. Rajesh N. Doshi was re-designated from Executive Director to Chairman of the Board, while Mr. Pratik R. Kothari was re-designated from Chairman to Non-Executive Non-Independent Director. Mr. Chintan B. Malkan, a 20-year finance veteran who has been with Rajoo for 17 years, was appointed as the new Chief Financial Officer. The board also noted BSE's earlier notice flagging non-compliance with Regulation 17(1) (board composition) for the quarter ended September 2024.
The reshuffle strengthens the company's leadership and likely addresses the prior board composition non-compliance flagged by BSE. Internal promotion of Mr. Malkan as CFO signals continuity in financial operations, while adding a new Independent Director improves governance. The governance overhang from the BSE notice is a minor concern, but corrective action appears underway.