Appointment of Chairman of the Company.
Price
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Rapicut Carbides held a board meeting on 15th May 2025 where it approved audited financial results for Q4 and FY ending 31st March 2025, along with an unmodified audit opinion. The company appointed new Secretarial Auditors (Samdani Shah & Kabra) and Internal Auditors (RAYS & Associates) for FY 2025-26. Dhananjay D Kanitkar stepped down as Chairman and Non-Executive Director citing pre-occupation and prior professional/personal commitments, effective close of business on 15th May 2025. The existing Managing Director, Abhishek V Gami, was appointed as the new Chairman effective 16th May 2025, making this an internal succession rather than an external change.
This is a routine, internally managed leadership transition with no change in executive control — the existing MD has taken on the additional Chairman role, which should provide continuity for shareholders. No material financial or governance concerns are flagged in the announcement.