The Board of Directors of Shashwat Furnishing Solutions Limited, at its meeting held on 03rd September, 2026 approved the re-appointment of Mr. Hitesh Karnawat as Chairman and Managing ....
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On 03 September 2026, the board re-appointed Mr. Hitesh Karnawat (promoter holding 53.87% stake) as Chairman and Managing Director, and re-appointed Mr. Lalit Ghewarchand Karnawat and Mrs. Mayuri Karnawat as Whole-Time Directors, all for 5-year terms starting 04 September 2026. The three executive appointees are family members — father, son, and daughter-in-law from the Karnawat household — giving one family full control of executive leadership. The board also appointed three new Non-Executive Independent Directors (Mr. Devesh Bhati, Mr. Jagdish Jangid, and Mrs. Sweta Duggar) for 5-year terms each. At the same time, three outgoing Independent Directors (Mr. Adesh Bhansali, Mr. Praveen Kumar Bokariya, and Mr. Neelabh Gotecha) completed their tenure and stepped down on 04 September 2026. All board changes remain subject to shareholder approval at the next general meeting.
Promoter family retains complete executive control, so leadership and strategic direction should stay unchanged for the next 5 years. Shareholders may want to track governance comfort, given one family holds all executive seats and three independent directors were rotated out at the same time.