GAGalaxy Agrico Exports531911Leadership appointment or

Managing Director changes: Khairnar resigns, Gaurav Shah appointed Additional Director (Managing Director)

Board meeting on 21st October, 2026 approved a change at the top.

By ScoutQuest · Wed 21 Oct 2026, 3:43 PM IST · 2 min read

MD Resignation Effective Date

21st October, 2026

New MD Appointment Term

5 Years

New MD Experience

approximately 15 years

The Board of Galaxy Agrico Exports met on 21st October, 2026 and approved a change of Managing Director, with the outgoing MD continuing on the Board.

Resignation of the Managing Director

• Mr. Prashant Sudhir Khairnar (DIN: 11434708) has resigned from the position of Managing Director, with effect from 21st October, 2026.
• The reason recorded in the update is a change in professional commitments.
• The resignation is limited to the Managing Director position only; his directorship in the company continues, unless otherwise separately determined.
• His resignation letter states that he requested the Board to take the resignation on record and complete the necessary formalities and statutory updates.

Appointment of a new Managing Director

• The Board approved the appointment of Mr. Gaurav Shah (DIN: 05164763) as an Additional Director (Managing Director) with effect from 21st October, 2026.
• The term of appointment is 5 Years, subject to the approval of the shareholders and such other approvals as may be required under applicable laws.
• Mr. Gaurav Shah is a qualified Company Secretary with approximately 15 years of experience in corporate governance, corporate compliance and regulatory matters, and has worked with various companies across different industry sectors.
• The update states there is no relationship between the directors of the company.
• The update also states that he is not debarred from holding the office of Director by virtue of any SEBI or other authority order.

What it means for a retail investor

• The top executive role changes hands on the same day, so there is no stated gap at the Managing Director position.
• The outgoing Managing Director remains on the Board as a Director, which keeps his association with the company in a non-executive capacity.
• The new Managing Director's stated background is in company secretarial, governance and compliance work rather than a line-business role, so his remit and focus would be worth tracking in later updates.
• The appointment is an Additional Director appointment, which means shareholder approval is still needed for it to continue beyond the period allowed under law.
• The company's day-to-day operations, financials and business plans are not discussed in this update; the update is limited to the Board changes above.

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