Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Provisions of Part A of Schedule III thereto, this is to Inform that the ....
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Riddhi Display Equipments' Board of Directors, at its meeting on February 16, 2026, approved multiple key management changes. Mr. Vandankumar Mahendrabhai Dave resigned as Chief Financial Officer due to preoccupation elsewhere, and Mr. Laxmanbhai Thakarshibhai Vavesa (17 years of experience in accounting, finance, and kitchenware sales) was appointed as the new CFO, both effective February 16, 2026. Additionally, Independent Director Mrs. Grishma Ajay Shewale resigned citing personal reasons, and Dr. Alpeshkumar Chandulal Gajera (Ph.D. in Management, Associate Professor with over 16 years of academic experience) was appointed as Additional Independent Director, subject to shareholder approval. The board meeting ran from 4:00 PM to 4:30 PM.
These are routine succession changes with no financial or strategic implications disclosed. Investors should note the simultaneous churn at both CFO and Independent Director positions, and watch for shareholder approval of the new Independent Director at the next general meeting. No immediate impact on stock price is expected from these appointments.