Re-appointment of Managing Director and Whole-time Director designated as Executive Director
WPIL · price
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WPIL Ltd's board, at its meeting on October 30, 2025, approved the re-appointment of Mr. Prakash Agarwal as Managing Director and Mr. K.K. Ganeriwala as Whole-time Director designated as Executive Director, each for a three-year term from November 1, 2025 to October 31, 2028. Both re-appointments carry remuneration recommended by the Nomination and Remuneration Committee and are subject to shareholder approval. Mr. Agarwal, first appointed in 2000, holds 19,10,000 shares and brings expertise in marketing, operations, and international business development. Mr. Ganeriwala, on the board since 2002, specializes in finance, accounts, taxation, and corporate management. Both directors sit on multiple group company boards.
Continuity of leadership is positive for shareholders as both key executives are retained for another three-year term, subject to member approval. No material governance red flags are evident from this routine re-appointment announcement.