Shareholders approve appointment of Managing Director and Whole-time Director for 5 years
Mr. Maganlal Shambhubhai Parvadiya as Managing Director.
- Managing Director Appointment
- Mr. Maganlal Shambhubhai Parvadiya appointed Managing Director for 5 years with effect from 31st August 2026
- Whole-time Director Appointment
- Mr. Chandubhai Shambhubhai Parvadiya appointed Whole-time Director for 5 years with effect from 31st August 2026
- AGM Date
- 16th AGM held on 30th September 2026
- Director Background
- Both appointees are Promoters and have served on the Board since incorporation
What was approved
At the 16th Annual General Meeting held on 30th September 2026, shareholders considered and approved two leadership designations, continuing from the board's earlier intimation dated August 31, 2026.
- Mr. Maganlal Shambhubhai Parvadiya appointed and designated as Managing Director for a term of 5 years with effect from 31st August 2026.
- Mr. Chandubhai Shambhubhai Parvadiya appointed and designated as Whole-time Director for a term of 5 years with effect from 31st August 2026.
Backgrounds
- Maganlal Parvadiya is a Promoter of the company, on the Board since incorporation, with over three decades of experience in the textile industry; he oversees overall management and operations.
- Chandubhai Parvadiya is a Promoter of the company, on the Board since incorporation, with over two decades of experience in the textile industry; he oversees the company's overall operations.
Relationships
- The two are brothers.
- Maganlal Parvadiya is the father of Paras Parvadiya (CFO); Chandubhai Parvadiya is his uncle.
Other points
The company confirmed that neither director has been debarred or disqualified from holding the office of director by any SEBI order or any other authority.
How to read it
This formalises the executive roles of two promoter directors who were already on the Board, giving continuity of management for a defined five-year term rather than introducing new leadership.
More numbers
- Term of appointment - Managing Director5 years
- Term of appointment - Whole-time Director5 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.