Announced Tue, 30 Jun · 20:49 IST
Salona Cotspin board re-designates top leadership, appoints internal auditor
Management Changes View source PDF
SALONA · price
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Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹262.00
prior close
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After-mkt
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AI summary
Salona Cotspin board approved key changes effective July 1, 2026. Manoj Kumar Jhajharia, currently Joint Managing Director, is re-designated as Managing Director for a 5-year term. Shyam Lal Agarwala moves from Chairman and Managing Director to Chairman and Director (not liable to retire by rotation). M/s PSG and Co has been appointed as internal auditor for FY26-27. All changes are subject to shareholder approval at the next AGM.
Likely market impact
Leadership continuity through internal re-designations. Family-run board structure remains unchanged. No disruption expected; awaiting shareholder approval.