Announced Mon, 16 Feb · 17:40 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 (BSE: 544640), a Gujarat-based display and kitchenware equipment maker, held a meeting on February 16, 2026, and approved several leadership changes. CFO Mr. Vandankumar Mahendrabhai Dave resigned due to personal reasons, and Mr. Laxmanbhai Thakarshibhai Vavesa (17 years of experience in accounting and finance) was appointed as the new CFO effective the same day. Separately, Independent Director Mrs. Grishma Ajay Shewale (DIN: 10685826) stepped down for personal reasons, and Dr. Alpeshkumar Chandulal Gajera (DIN: 11527339), a PhD in Management and academic dean, was appointed as an Additional Independent Director, subject to shareholder approval.

Likely market impact

These are simultaneous management and board-level changes with no stated operational or financial implications. Investors should monitor shareholder approval for the new Independent Director and watch for any future financial disclosures to gauge continuity in the finance function.