Shareholders Approve Swap of MD and Whole-Time Director Roles at 32nd AGM
Mr. Lakshmikanth Inani (DIN: 00461829) moves from Managing Director to Whole-Time Director.
- AGM Date
- 23 September 2026
- MD Role Change
- Mr. Lakshmikanth Inani (DIN: 00461829) moves from Managing Director to Whole-Time Director
- WTD Role Change
- Mr. Vishnukant Inani (DIN: 00571377) moves from Whole-Time Director to Managing Director cum Chairman
- Secretarial Auditor Appointed
- M/s. Baheti Gupta & Co, Company Secretaries
The company has informed BSE about decisions taken by members at its 32nd Annual General Meeting held on 23 September 2026.
Leadership re-designations
- Mr. Lakshmikanth Inani (DIN: 00461829) changes from Managing Director to Whole-Time Director.
- Mr. Vishnukant Inani (DIN: 00571377) changes from Whole-Time Director to Managing Director cum Chairman.
- Both changes are on such terms and conditions as may be mutually decided by the parties, and follow consent letters dated 20 August 2026.
Other approvals at the AGM
- Appointment of M/s. Baheti Gupta & Co, Company Secretaries, as Secretarial Auditor of the company.
- Adoption of the altered Memorandum of Association (MOA).
- Adoption of the altered Articles of Association (AOA).
What it means for investors
This is an internal reshuffle of executive roles within the existing board rather than an exit or a fresh outside hire. Both individuals continue with the company, with their titles and responsibilities interchanged. The appointment of a Secretarial Auditor and adoption of the altered MOA and AOA are routine corporate governance items approved by shareholders.
Also from Inani Securities
Board meeting on 12 October 2026 to consider unaudited results for quarter and half year ended 30.09.2026
8 Oct 2026
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