We hereby inform you that the company has inter alia: 1. Approved the re-appointment of Mr. Hitesh Parmanand Asrani (DIN: 00561701) as Director of the Company, who is liable to retire ....
Awaiting price reaction for this filing.
CRP Risk Management Ltd has re-appointed Mr. Hitesh Parmanand Asrani (DIN: 00561701) as Managing Director for a term of 5 years, effective August 14, 2025. The re-appointment is pursuant to Section 152(6) of the Companies Act, 2013, as he was liable to retire by rotation and being eligible offered himself for re-appointment. Mr. Asrani holds an MBA from Newport University, California, and a B.Com from Mumbai University, with over 21 years of experience in business planning, background verification, and risk management. He has been on the Board since the company's incorporation. His spouse, Mrs. Nisha Asrani (DIN: 06399098), is also a Director on the board. The re-appointment is subject to approval of members at the upcoming Annual General Meeting.
This is a routine corporate governance event — the re-appointment of an existing director liable to retire by rotation ensures continuity in leadership. For shareholders, it means no change in management direction; the stock price is unlikely to be materially impacted.