Worth Peripherals Limited has informed the Exchange regarding Change in Director(s) of the company.
WORTHPERI · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.2 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Worth Peripherals Limited has announced changes to its board effective August 7, 2025. Mr. Jayvir Chadha, a promoter, has been redesignated as Managing Director for a 3-year term (till August 6, 2028) with a proposed remuneration of Rs. 5-7 lakhs per month. His father, Mr. Raminder Singh Chadha, has been redesignated as Whole-Time Director and Chairman, also for 3 years at the same remuneration range. Mr. Alok Jain, an Independent Director and qualified Chartered Accountant, has been re-appointed for a second 5-year term starting June 21, 2026. All changes are subject to shareholder approval at the upcoming 29th Annual General Meeting.
The elevation of the younger promoter (Jayvir Chadha) to Managing Director signals a planned succession within the promoter family, with the father continuing as Chairman to provide continuity. Shareholders should review the proposed remuneration and vote on these changes at the AGM, though the restructuring appears to be a normal governance transition rather than a disruptive event.