Shareholders in their meeting held on 30.09.2025 approved the following change in management.
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At the 41st AGM held on September 30, 2025, shareholders of SAB Industries approved key management changes. Ms. Priya Garg was appointed as Managing Director for a five-year term (August 13, 2025 to August 12, 2030). She previously held the MD role from 2019 to 2021 and has been serving as an Advisor since April 2023. Mr. Taavissh Jain was also appointed as a Non-Executive Non-Independent Director. Both are family members of Shri Rajinder Kumar Garg, the Chairman — Ms. Garg is his daughter and Mr. Jain is his maternal grandson. Additionally, S.K. Sikka & Associates were appointed as Secretarial Auditors for a five-year term from April 1, 2025 to March 31, 2030.
This represents a clear promoter family succession move, with the Chairman's daughter returning as MD and his grandson joining the board. While it strengthens family control, it may raise governance concerns among minority shareholders about limited independent oversight at the top.