Yuken India Limited has informed the Exchange regarding Outcome of Board Meeting held on April 22, 2025.
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Yuken India's board, at its meeting on April 22, 2025, approved the re-appointment of Mr. C P Rangachar (DIN: 00310893) as Managing Director for a fresh 5-year term from May 1, 2025 to April 30, 2030. The re-appointment is subject to shareholder approval at the upcoming General Meeting. Mr. Rangachar is a founder-promoter and Electrical Engineer from BITS Pilani (1964) who has been associated with the company since its 1976 inception as a joint venture with Yuken Kogyo Co. Ltd., Japan, serving as Managing Director since 1978. He is also a director on the boards of Grotek Enterprises, Benefic Investment and Finance, Bourton Consulting (India), and Sai India Limited. The board confirmed he is not debarred from holding the office of Managing Director.
This signals leadership continuity at Yuken India with its founder-promoter staying at the helm for another five years, which is typically viewed positively by investors for stability and strategic continuity. Shareholders will need to approve the re-appointment at the next General Meeting.