Board approves new Managing Director; Abhishek Kyal moves to Non-Executive Director, Kusum Lata resigns

Board met on 09 October 2026 and approved leadership changes.

Fri 9 Oct 2026

Board Meeting Date

09 October 2026

New Managing Director Appointed

Mr. Sunny Chopra appointed Managing Director, effective October 09, 2026

Director Resignation

Mrs. Kusum Lata resigned as Non-Executive Non-Independent Director with effect from 09.10.2026

What the board approved

The board of directors met on Friday, 09 October 2026 and approved the following items, with the details set out in the annexures to the update.

• Mr. Abhishek Suresh Kyal (DIN 08184639): change in designation from Managing Director to Non-Executive Director. The update describes this as voluntary relinquishment of the position of Managing Director by him, pursuant to his request, and his continuation as a Non-Executive Director of the Company. The change in designation is effective from 09 October 2026, from which date he ceases to hold the position of Managing Director.

• Mr. Sunny Chopra (DIN 06864943): appointed as the Managing Director of the Company on the recommendation of the nomination and remuneration committee, in pursuance of Section 203 of the Companies Act, 2013. The date of appointment is October 09, 2026.

• Mrs. Kusum Lata (DIN 06693671): the board took note of her resignation from the position of Non-Executive Non-Independent Director of the Company.

Both the change in designation of Mr. Kyal and the appointment of Mr. Chopra as Managing Director are subject to the approval of the shareholders at the ensuing Annual General Meeting.

Who is the incoming Managing Director

The annexure describes Mr. Sunny Chopra as a seasoned administrative professional with over three decades of experience in managing and streamlining administrative operations. It adds that he is a Commerce Graduate, bringing strong organizational, coordination and operational expertise.

Why the non-executive director stepped down

Mrs. Kusum Lata's resignation letter, addressed to the board, states that she tenders her resignation from the post of Non-Executive Director with effect from 09.10.2026 due to personal and unavoidable circumstances. The annexure records that there are no other material reasons for the resignation other than those mentioned in the resignation letter.

What the three changes together mean

A Managing Director holds an executive position, while a Non-Executive Director is a board role without executive charge. So the update shows one person moving out of the executive seat and continuing on the board, a new person taking over the executive seat, and one non-executive director leaving the board. The two board-level changes await shareholders' approval at the coming Annual General Meeting.

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.