Intimation under Regulation 30 of SEBI( LODR) Appointment of Mr. Nileshbhai Shyamlal Koshti
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Tirupati Tyres Limited has appointed Mr. Nilesh Shyamlal Koshti (DIN: 11253299) as Additional Executive Director and Chairman of the company, effective August 28, 2025. The appointment is for a term of 5 years and is subject to shareholder approval, as recommended by the Nomination and Remuneration Committee and approved by the Audit Committee. The company stated there is no relationship between Mr. Koshti and any existing directors on the board. He is not debarred from holding the office of director by any SEBI order or other authority. The stated reason for the appointment is to maintain an optimum combination of directors on the board.
This is a routine board-level appointment and does not indicate any negative event. Shareholders will get to vote on the appointment at the next general meeting, and the 5-year term suggests a stable leadership transition.