As per the PDF 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 Directors of Riddhi Display Equipments Ltd (BSE: 544640) held a meeting on February 16, 2026, and approved multiple key managerial changes, all effective the same day. Mr. Vandankumar Mahendrabhai Dave resigned as Chief Financial Officer citing preoccupation elsewhere, and Mr. Laxmanbhai Thakarshibhai Vavesa (17 years of experience in accounting, finance, and kitchenware/display sales) was appointed as the new CFO. Separately, Mrs. Grishma Ajay Shewale resigned as Independent Director for personal reasons, and Dr. Alpeshkumar Chandulal Gajera (Ph.D. in Management, Associate Professor at Darshan University) was appointed as Additional Independent Director, subject to shareholder approval. The board meeting lasted only 30 minutes (4:00 PM to 4:30 PM), and all changes were confirmed to have no relationships with existing directors or KMPs.
The back-to-back resignations and appointments on the same day suggest the company had these transitions planned in advance, helping ensure leadership continuity. Shareholders may note the rapid succession at both CFO and board level; the new CFO's industry background and the new Independent Director's finance academic credentials are positive signals, though the new Independent Director appointment still requires shareholder approval.