Pursuant to the Regulation 30 of the SEBI Listing Regulations, the Board of Directors of the Company at their meeting held today i.e., August 28, 2025, inter-alia, considered and approved ....
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The board of Rungta Irrigation met on August 28, 2025 and approved the Annual Report for FY2024-25 along with the notice for the 41st AGM, which will be held on September 25, 2025 at 1:00 PM via video conferencing. The board re-appointed Mr. Mahabir Prasad Rungta (DIN: 00235632) as Chairman and Managing Director for a fresh 5-year term running from September 29, 2025 to September 28, 2030, subject to shareholder approval. It also re-appointed Mr. Tarun Kumar Megotia (DIN: 01098092) as Whole-Time Director for 5 years from August 9, 2026 to August 8, 2031, again subject to shareholder approval. Mr. Rungta, the founder and promoter, is related to existing Whole-Time Director Mrs. Shruti Jain (his daughter). Both directors have been confirmed as not debarred by SEBI or any other authority.
The re-appointments lock in leadership continuity at the promoter-driven company for the next 5 years, which is positive for stability but reinforces family control at the top. Investors should note that the AGM is the venue where shareholders formally approve these re-appointments.