Members approve re-appointment of Managing Director for a further 5-year term

Members have approved the re-appointment of Mr. Sureshkumar Jain (DIN: 00048463) as Managing Director for a further term of 5 years, from June 24, 2026 till June 23, 2031.

Tue 29 Sep 2026

MD Re-appointment Term

5 years, from June 24, 2026 till June 23, 2031

Executive Name

Mr. Sureshkumar Jain (DIN: 00048463)

Meeting Date

September 29, 2026

Position

Managing Director & CEO

What happened

Members of the company, at their meeting held on Tuesday, September 29, 2026, approved the re-appointment of Mr. Sureshkumar Jain (DIN: 00048463) as Managing Director.

• Term: a further 5 years
• Effective from June 24, 2026 till June 23, 2031
• He signs the update as Managing Director & CEO

How it came about

The Board, on the recommendation of the Nomination and Remuneration Committee, had re-appointed him with effect from June 24, 2026, subject to approval of the members. That shareholder approval has now been obtained, completing the process begun with the earlier disclosure dated June 24, 2026.

Other details

The company states that Mr. Jain is not debarred from holding the office of Director by virtue of any SEBI order or any order of any other regulator or authority.

What it means for investors

This is a continuity event rather than a change of leadership: the same individual continues in the top executive role for another five-year term. Perception is generally neutral to mildly positive, since management stability is retained and the appointment has shareholder backing.

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