Re-Appointment of Mr. Siddharth Bhutoria (DIN: 00609233) as Whole time director for a further period of 5(five) years with effect from July 15th, 2025.
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RTS Power Corporation has re-appointed Mr. Siddharth Bhutoria (DIN: 00609233) as Whole-time Director for a further period of five years, effective July 15, 2025. The re-appointment was approved by the Board on August 14, 2024, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the next Annual General Meeting. Mr. Siddharth Bhutoria, aged around 38, holds a BBM in Finance and an MSc in Finance from Lancaster University, UK, and has been associated with the Bhutoria Group since 2008, also leading the group's overseas transformer venture in Ethiopia since 2013. He is the son of Mr. Rajendra Bhutoria, the company's Vice Chairman and Whole-time Director, confirming his place in the promoter family. The filing also confirms he is not debarred from holding a director's office by any authority.
This is a continuity announcement with no negative implications for shareholders — it reinforces promoter family leadership at the operational level and provides stability in management. The stock price is unlikely to be materially impacted as re-appointments of existing directors are generally seen as routine governance events.