Board approves re-appointment of MD and WTD, regularises new Independent Director
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The board approved re-appointment of Mr. Jimit Ramesh Shah as Managing Director and Mr. Ramesh Virji Shah as Whole-time Director, both for 5 years starting November 2, 2026. It also recommended appointing Mr. Mangilal Tikuchand Jogani as Non-Executive Independent Director for 5 years. A postal ballot was approved for shareholder approval, with e-voting from October 18 to November 17, 2026. Ramesh Shah is the father of MD Jimit Shah, confirming promoter family control on the board.
Continuity in leadership with promoter family retaining board control. Shareholders will vote on these re-appointments via postal ballot.