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 on September 29, 2025, shareholders approved three key changes. Mr. Narendra Kumar Pasari (on the board since 1974) was appointed as Executive Chairman (Whole-time Director) for a 3-year term from August 22, 2025 to August 21, 2028. His son, Mr. Naynesh Pasari, was re-designated from Whole-time Director to Managing Director for his remaining term up to August 9, 2026. Additionally, M/s BLAK & Co., Practicing Company Secretaries, was appointed as Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. All three items were approved based on the Board's and Nomination & Remuneration Committee's recommendations.
The two top leadership roles are now held by father and son from the promoter family, signaling strong family continuity and concentrated control over strategy and operations. For shareholders, this reinforces promoter-led governance, while the new 5-year secretarial auditor appointment aligns with mandatory SEBI requirements under the amended Listing Regulations.