Relaxo Footwears Limited has informed the Exchange regarding Outcome of Board Meeting - Appointment of Co-Chief Executive Officers of the Company
RELAXO · price
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Relaxo Footwears has appointed two Co-Chief Executive Officers effective April 1, 2026. Mr. Gaurav Kumaar Dua, currently a Whole-time Director, has been re-designated as Co-CEO & Whole-time Director; he is the son of Managing Director Mr. Ramesh Kumar Dua. Mr. Ritesh Dua, currently Executive Vice President (Finance), has been re-designated as Co-CEO; he is the son of Mr. Mukand Lal Dua and brother of Whole-time Director Mr. Nikhil Dua. Both individuals are part of the company's promoter (Dua) family. There is no change in their existing remuneration, tenure, or other terms, which were originally approved by shareholders at the August 2023 AGM for a three-year period ending September 30, 2026. The board meeting ran from 12:30 PM to 4:05 PM IST on March 26, 2026.
The Dua promoter family is consolidating control at the very top of the company, with family members now holding the two highest executive posts. For shareholders, this signals continuity of family-led management rather than a fresh external hire, which can be read as a leadership succession move but also concentrates decision-making within the promoter group.