Board re-designates MD and Chairman; appoints new internal auditor
SALONA · price
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Board met on June 30, 2026 and approved: Manoj Kumar Jhajharia re-designated from Joint MD to Managing Director for 5 years from July 1, 2026. Shyam Lal Agarwala re-designated from Chairman and MD to Chairman and Director, effective July 1, 2026. Both changes need shareholder approval at the upcoming AGM. M/s P S G and Co, Coimbatore-based Chartered Accountants, appointed as Internal Auditor for FY 2026-27. The four directors are from two related families (Agarwala and Jhajharia).
Internal re-organisation with family directors continuing in leadership roles. No material strategic shift expected. Shareholder approval pending at AGM.