Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we hereby intimate about the change in management of the Company inter alia includes appointment of Whole Time Director, appointment ....
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Shree Refrigerations' board, meeting on 23 February 2026, approved the re-appointment of Ms. Rajashri Ravalnath Shende as Whole Time Director for a fresh 5-year term (till 22 February 2031). She is the spouse of Managing Director Mr. Ravalnath Gopinath Shende and a founding promoter of the company. The board also appointed Ms. Rucha Ravalnath Shende, daughter of the Managing Director, as Additional Director in the Whole Time Director category until the next AGM. Additionally, Mr. Tanmay Mukund Pethkar, a qualified Company Secretary with over 9 years of experience including stints at Precision Camshafts and Bharat Forge, was appointed as Company Secretary and Compliance Officer. The board also aligned the company's ESOP September-2024 plan with SEBI's Share Based Employee Benefit Regulations, 2021.
With the MD's wife and now his second daughter joining as WTDs, the promoter family further consolidates control over the board, which may be viewed positively for continuity but could raise governance concerns for investors watching for independent oversight. The appointment of an experienced CS from listed-entity backgrounds is a positive governance signal.