As per the Attachment as attached herewith
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Riddhi Display Equipments Ltd, held on February 16, 2026, approved multiple key managerial changes. Mr. Vandankumar Mahendrabhai Dave resigned as Chief Financial Officer citing preoccupation elsewhere, and Mr. Laxmanbhai Thakarshibhai Vavesa was appointed as the new CFO with 17 years of experience in accounting, finance, and the kitchenware/display equipment industry. Separately, Mrs. Grishma Ajay Shewale resigned as Independent Director due to personal reasons, and Dr. Alpeshkumar Chandulal Gajera, a Ph.D. in Management with 16 years of academic experience, was appointed as an Additional Independent Director, subject to shareholder approval. The board meeting ran from 4:00 PM to 4:30 PM, with all changes effective February 16, 2026.
For retail investors, this is a routine governance reshuffle rather than a major strategic event. While the CFO and Independent Director changes are noteworthy, the company has appointed replacements on the same day, suggesting continuity. Short-term stock price impact is likely minimal, though shareholders should watch for the new CFO's financial reporting in coming quarters and the shareholder approval vote for the new Independent Director.