Rajendra Ghosal resigns as Managing Director; Rohit Totla proposed as successor

CEO resignedKey managerial personnel resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

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AI summary

Rajendra Nath Ghosal resigned as Managing Director effective 19 November 2026 and will serve as President through 31 March 2027 to support the handover. The board appointed Rohit Ghanshyamdas Totla as Additional Director and Managing Director for five years from 20 November, subject to shareholder approval by postal ballot. Totla has 27 years of consumer products experience. September 2026 consolidated quarterly revenue was Rs 649.25 crore and profit was Rs 49.08 crore.

Likely market impact

The planned handover and Ghosal's temporary President role reduce management disruption. Totla's five-year appointment remains subject to shareholder approval.