Board recommends new Managing Director and Joint MD; appoints Executive Director who also becomes Chairperson
Board approved senior leadership changes at its 24th October 2026 meeting.
By ScoutQuest · · 3 min read
- MD Appointment
- Mrs. Radhica Sharma: Joint Managing Director to Managing Director w.e.f. 24th October 2026, up to 9th February 2028
- Joint MD Appointment
- Mr. Kunal Jain: Executive Director to Joint Managing Director w.e.f. 24th October 2026, up to 30th April 2029
- Executive Director & Chairperson
- Mrs. Pramila Jain: Executive Director for 3 years, 24th October 2026 to 23rd October 2029; Chairperson w.e.f. 24th October 2026
The company informed the exchanges that its Board met on 24th October 2026 and took a set of decisions on who holds which title at the top of the company.
What the Board decided
- Mrs. Radhica Sharma moves from Whole-time Director designated Joint Managing Director to Managing Director with effect from 24th October 2026, for the remaining part of her tenure up to 9th February 2028. The update calls this a recommendation for change in designation.
- Mr. Kunal Jain moves from Whole-time Director designated Executive Director to Joint Managing Director with effect from 24th October 2026, for the remaining part of his tenure up to 30th April 2029. This too is a recommendation for change in designation.
- Mrs. Pramila Jain has been approved as an additional director and further as the Whole-time Director of the company, designated Executive Director, for a period of 3 (three) years from 24th October 2026 to 23rd October 2029. This is subject to approval of members within a period of 3 months.
- Mrs. Pramila Jain, as Executive Director, has also been appointed Chairperson of the company with effect from 24th October 2026.
- The update also lists "other routine business" as a item taken up at the meeting.
Designation change versus new appointment
For Mrs. Radhica Sharma and Mr. Kunal Jain, the decisions are changes in designation — the same individuals continue on the Board as whole-time directors, with a more senior title. For Mrs. Pramila Jain, this is a new induction: she first joins as an additional director and then as a whole-time director designated Executive Director, and she also takes the Chairperson role. Her appointment carries a condition — members must approve it within 3 months.
The Chairperson role
The update separates two things for Mrs. Pramila Jain: her executive role as Whole-time Director designated Executive Director, and her role as Chairperson of the company. Both take effect from 24th October 2026.
Why the trading window is mentioned
The company states that the appointment of an Additional Director qualifies as Unpublished Price Sensitive Information under SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window was already closed from 1st October 2026 for approval of the un-audited financial results for the quarter and half-year ended 30th September 2026, and it will continue to remain closed for this appointment as well. In simple terms, designated insiders of the company cannot buy or sell its shares during this period.
What a retail investor can take away
- Three names are involved, and the changes take effect immediately from 24th October 2026.
- Two are re-designations of existing whole-time directors to Managing Director and Joint Managing Director.
- One is a new whole-time director designated Executive Director, who is also Chairperson, with a 3-year term running to 23rd October 2029 and member approval needed within 3 months.
- The tenure end dates for the two re-designated directors are 9th February 2028 and 30th April 2029 respectively.
The update does not set out financial terms of these appointments, and the decisions on the two designation changes are described as recommendations of the Board.
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More numbers
- Term of Mrs. Pramila Jain as Whole-time Director designated Executive Director3 (three) years
- Period within which members must approve her appointment3 months
- Mrs. Radhica Sharma tenure as Managing Director up to 9th February2028
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