Announced Mon, 16 Feb · 17:36 IST

As per the PDF as attached herewith

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Riddhi Display Equipments Ltd held a meeting on February 16, 2026 and approved multiple leadership changes. Mr. Vandankumar Mahendrabhai Dave resigned as Chief Financial Officer citing personal reasons and preoccupation elsewhere, effective the same day. In his place, the board appointed Mr. Laxmanbhai Thakarshibhai Vavesa as the new CFO, bringing 17 years of experience in accounting, finance, and the kitchenware/display equipment industry. Separately, Independent Director Mrs. Grishma Ajay Shewale also resigned for personal reasons, and Dr. Alpeshkumar Chandulal Gajera, a PhD in Management with over 16 years of academic experience, was appointed as a new Independent Director subject to shareholder approval. The board meeting lasted 30 minutes, from 4:00 PM to 4:30 PM.

Likely market impact

These are routine board-level changes with the CFO seat filled on the same day and a qualified academic appointed as Independent Director. Shareholders should watch for shareholder approval of the new Independent Director at the next general meeting. No financial or strategic impact is indicated in this filing.