With reference to the above, we wish to inform the Exchanges that the Board of Directors of the Company at their meeting held today i.e Tuesday, 10th June, 2025 has transacted and approved ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At its meeting on June 10, 2025, the board approved three items. It formally designated Ms. Heena Mistry (Head-Factory Operations) and Mr. Hariom Shukla (Manager-International Business) as Senior Management under SEBI LODR regulations; both were already employees, with original joining dates of November 2022 and February 2023 respectively. The board accepted the resignation of Mr. Kushal Palkhiwala, Associate Vice President-Marketing & Branding, effective the same day, citing personal reasons. Separately, the appointment of M/s. Jatin Mangroliya & Associates as Cost Auditors for FY2025-26 was cancelled because cost audit requirements are no longer applicable to the company.
These are routine governance updates. The cost auditor cancellation indicates the company likely fell below mandatory cost audit thresholds, which is generally a neutral signal. The exit of the AVP-Marketing & Branding head may create short-term disruption in branding initiatives but is at a mid-management level rather than a top executive change.