Please find attached intimation for re-appointment of Mr. Sanjay Gaikwad as the Managing Director of the Company.
UFO · price
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UFO Moviez India Limited announced the re-appointment of Mr. Sanjay Gaikwad as Managing Director for a 3-year term from October 17, 2026 to October 16, 2029. The re-appointment was approved by the Board of Directors on May 21, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to approval by shareholders at the ensuing Annual General Meeting. Mr. Gaikwad, a chemical engineer and the founder of UFO Moviez, is credited with revolutionizing India's cinema distribution through the world's first satellite-based content distribution platform. He is not related to any other directors on the board.
This is a routine governance update ensuring continuity in leadership. The re-appointment of the founder and long-serving Managing Director provides stability and signals continuity in the company's strategic direction, which is positive for shareholders.