The Board of Directors in their meeting held on January 19, 2026 interalia considered and approved the following amongst others: 1. Approval of Appointment of Mr. Jayesh Sheshmal Rawal ....
Awaiting price reaction for this filing.
Filtron Engineers Ltd has undergone a change in management control following the completion of an open offer by new promoters. The board appointed Mr. Jayesh Sheshmal Rawal (Chartered Accountant, 27+ years experience) and Mr. Tarak Bipinchandra Gor (Chartered Accountant, 19+ years in banking and finance) as Additional Directors designated as Managing Directors, each for a 5-year term. Mr. Ankit Jayesh Rawal (son of Jayesh Rawal, MBA from Switzerland) was appointed as Additional Non-Executive Director. On the other side, Mr. Sadanand Ganapati Hegde (Whole-time Director) and Mr. Gajanan Chidambar Hegde (Non-Executive Director) resigned with effect from January 19, 2026, citing the open offer completion and change in management. All board committees have been reconstituted.
This represents a complete management takeover by the new promoter group, which typically signals a strategic shift in the company's direction. Shareholders should watch for the new management's business strategy announcements, as the appointments are subject to shareholder approval at the next AGM. The exit of the old management and entry of new promoter-linked directors is a significant governance change.