Board meeting on 21 October 2026 to consider MD resignation and new MD appointment
Board meeting scheduled for Wednesday, 21st October, 2026.
By ScoutQuest · · 2 min read
- Board Meeting Date
- Wednesday, 21st October, 2026
- Resignation Under Consideration
- Mr. Prashant Sudhir Khairnar (DIN: 11434708) as Managing Director
- Proposed MD Appointment
- Mr. Gaurang Shah (DIN: 05164763), qualified Company Secretary with approximately 15 years of experience
What has been intimated
Galaxy Agrico Exports Ltd has informed BSE that a meeting of its Board of Directors is scheduled for Wednesday, 21st October, 2026, to consider and approve, inter alia, the matters listed in the notice. Two of the three listed items relate to the company's top leadership.
The agenda items
- To consider the resignation of Mr. Prashant Sudhir Khairnar (DIN: 11434708) from the position of Managing Director of the Company.
- To consider the appointment of Mr. Gaurang Shah (DIN: 05164763) as the Managing Director of the Company, subject to the requisite approvals.
- To consider any other business with the permission of the Chairperson.
The notice uses the words to consider for both leadership items. In simple terms, the Board is meeting to take these matters up; the decisions, if any, would come to light through the outcome disclosure the company states it will make to the stock exchange after the meeting.
The proposed new Managing Director
Mr. Gaurang Shah is described in the notice as a qualified Company Secretary with approximately 15 years of experience in corporate governance, corporate compliance and regulatory matters. The notice adds that he has worked with various companies across different industry sectors and has experience in corporate governance practices and statutory compliance.
How a retail investor might read this
- A change at the Managing Director level is a top-of-the-house matter, so it is the kind of agenda item investors generally track.
- The resignation and the proposed new appointment appear together in the same agenda, which frames the two items as matters being taken up at one meeting.
- The notice states that the company will make the requisite disclosures to the stock exchange regarding the outcome of the Board Meeting.
- Nothing in the notice states the outcome. The resignation and the appointment are items placed before the Board, and the actual position becomes clear only once the outcome is disclosed.
What to watch next
The Board meeting date is 21st October, 2026. The intimation has been signed by Kalpataru Bhogilal Shah, Director (DIN: 11655140), and dated 16/10/2026.
Also from Galaxy Agrico Exports
Managing Director resigns; Board approves Gaurang Shah as Additional Director (Managing Director)
21 Oct 2026
Managing Director change: Prashant Sudhir Khairnar resigns from MD post, Gaurang Shah appointed
21 Oct 2026
Managing Director changes: Khairnar resigns, Gaurav Shah appointed Additional Director (Managing Director)
21 Oct 2026
More numbers
- Experience of proposed Managing Director Mr. Gaurang Shahapproximately 15 years
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