Relaxo Footwears Limited has informed the Exchange regarding re-designation of Mr. Gaurav Kumaar Dua from Whole-time Director to Co-Chief Executive Officer & Whole-time Director (Co- CEO & WTD) of the Company with effect from April 1, 2026.
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Relaxo Footwears has re-designated Mr. Gaurav Kumaar Dua from Whole-time Director to Co-CEO & Whole-time Director, and Mr. Ritesh Dua from Executive Vice President (Finance) to Co-CEO, both effective April 1, 2026. Their existing remuneration, tenure (ending September 30, 2026), and other terms approved by shareholders in 2023 remain unchanged. Gaurav brings over 25 years of experience in sales and marketing, while Ritesh has 26+ years in finance, HR, IT, and exports. Both are part of the promoter group — Gaurav is the son of Managing Director Ramesh Kumar Dua, and Ritesh is the son of Mukand Lal Dua and brother of WTD Nikhil Dua. The board approved the changes at its meeting on March 26, 2026.
Existing promoter family members have been elevated to jointly lead the company as Co-CEOs, signalling continuity and family-driven succession planning rather than any external change. For shareholders, this means no disruption to strategy or costs, but it does consolidate executive decision-making within the Dua family.