Relaxo Footwears Limited has informed the Exchange regarding re-designation of Mr. Ritesh Dua from Executive Vice President (Finance) to Co-Chief Executive Officer (Co-CEO) of the Company with effect from April 1, 2026.
RELAXO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Relaxo Footwears has appointed two Co-CEOs effective April 1, 2026. Mr. Gaurav Kumaar Dua, currently a Whole-time Director, has been re-designated as Co-CEO & Whole-time Director. Mr. Ritesh Dua, currently Executive Vice President (Finance), has been re-designated as Co-CEO. Both individuals are from the promoter (Dua) family and have over 25 years of experience in the footwear industry — Gaurav in sales and marketing, and Ritesh in finance, HR, IT, and exports. There is no change in their existing remuneration, tenure, or other terms of appointment, which run until September 30, 2026.
This is a leadership restructuring that places the next generation of the Dua family in joint operational control of the company, signalling continuity in promoter-led management. For shareholders, it suggests a planned succession move with no change in cost structure, though concentrating top leadership within the promoter family may be viewed neutrally by the market.