Resignation of Mr. Narendra Kumar Pasari from the position of Managing Director of the Company and appointed as Whole time Director designated as Executive Charmain of the Company and ....
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Shree Krishna Paper Mills & Industries announced key board changes effective August 22, 2025. Mr. Narendra Kumar Pasari resigned as Managing Director due to personal commitments but continues on the board as a Promoter Director. He was simultaneously appointed as Whole-time Director designated as Executive Chairman for a 3-year term (till August 21, 2028), subject to shareholder approval. His son, Mr. Naynesh Pasari, was elevated from Whole-time Director to Managing Director for his remaining term ending August 9, 2026. The company also notified that its 53rd AGM will be held on September 29, 2025 via video conferencing, with e-voting from September 26 to 28, 2025.
This is an internal succession reshuffle within the promoter family rather than a leadership exit — Mr. Pasari Sr. continues as Executive Chairman and his son takes over operational leadership as MD. For shareholders, continuity is preserved, but the change is subject to approval at the upcoming AGM on September 29, 2025. The transition is unlikely to materially affect the stock in the short term.