Re-appointment of Mr. Mahabir Prasad Rungta (DIN: 00235632) as the Chairman and Managing Director for a term of 5 years with effect from 29th September, 2025. Re-appointment of Mr. Tarun ....
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The Board of Rungta Irrigation Ltd, at its meeting on August 28, 2025, approved the re-appointment of Mr. Mahabir Prasad Rungta (DIN: 00235632) as Chairman and Managing Director for another 5-year term starting September 29, 2025. The Board also approved the re-appointment of Mr. Tarun Kumar Megotia (DIN: 01098092) as Whole-Time Director for 5 years starting August 9, 2026. Both re-appointments are subject to shareholder approval at the 41st Annual General Meeting. Mr. Mahabir Prasad Rungta is the founder of the Rungta Group and is related to Mrs. Shruti Jain (Whole-Time Director, his daughter). Mr. Megotia is not related to any director on the board. Both are not debarred from holding directorship by SEBI or any other authority.
Continuity in top management with the founder-promoter remaining at the helm for another 5 years, signalling stability for shareholders. No disruption expected in business operations or strategy.