Approve the Appointment of Executive Chairman, re-designation from Whole-time director to Managing Director and appointment of Secretarial Auditor.
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At the 53rd AGM held on September 29, 2025, shareholders approved three key changes. Mr. Narendra Kumar Pasari (on the board since 1974) was appointed as Executive Chairman for a 3-year term ending August 21, 2028. His son, Mr. Naynesh Pasari, was elevated from Whole-time Director to Managing Director for his remaining term until August 9, 2026. Both hold 1,000 shares each. Additionally, M/s BLAK & Co. (led by Mrs. Archana Bansal) was appointed as Secretarial Auditor for a first term of 5 years covering FY 2025-26 to FY 2029-30.
This is a clear promoter family succession move, with the father-son duo now leading the company as Executive Chairman and Managing Director respectively, reinforcing family control. The secretarial auditor appointment is routine compliance. No negative governance signals — neither appointee is debarred by SEBI.