Re-appointment of Managing Director
Awaiting price reaction for this filing.
The Board of Directors has approved the re-appointment of Shri Tej Bhan Gupta (DIN: 00106181) as Managing Director for a period of 3 years, effective from 30 September 2026. The decision was made on 21 May 2026 based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to obtaining other necessary approvals. Shri Tej Bhan Gupta has been associated with the company since 1991 and has over 58 years of experience in the electrical and amusement industry, securities market, and financial services. The company has disclosed that there are no relationships between directors.
This is a routine corporate governance action confirming leadership continuity. The re-appointment provides stability in the company's management structure and is subject to shareholder approval. No immediate material impact on stock price is expected.