Members Approve Appointment of Mahendra Singh Rajawat as Managing Director for 3 Years
Shareholders at the 41st AGM on 24th September, 2026 approved Mr. Mahendra Singh Rajawat as Managing Director for 3 years, from 1st September, 2026 to 31st August, 2029.
By ScoutQuest · · 1 min read
- Managing Director Appointment
- Mr. Mahendra Singh Rajawat approved as Managing Director for 3 years, from 1st September, 2026 to 31st August, 2029
- Annual Remuneration
- Rs. 6,00,000/- per annum
- AGM Date
- 24th September, 2026
- Regulatory Approval Basis
- Schedule V of the Companies Act, 2013, given inadequate profits
- Director Independence
- Not related to any other Director or KMP, not debarred or disqualified
What happened
Members of the Company, at the 41st Annual General Meeting held on Thursday, 24th September, 2026 at 10:00 a.m. at the Registered Office, approved the appointment of Mr. Mahendra Singh Rajawat as Managing Director.
Term
- Appointed for a period of 3 (three) years
- From 1st September, 2026 up to 31st August, 2029
Remuneration
- Rs. 6,00,000/- (Rupees Six Lakh only) per annum
- Approved in accordance with Schedule V of the Companies Act, 2013, given the Company's inadequate profits
Other disclosures
- Not related to any other Director or Key Managerial Personnel of the Company
- Not debarred from holding office of Director by any SEBI Order or other authority
- Not disqualified under Section 164 of the Companies Act, 2013
Profile
He is a Bachelor of Commerce (B.Com.) graduate with over 21 years of experience in the textile industry, focused on sales, market development and channel/distribution management. For the last five years he has been engaged in the financial advisory business, advising clients on investment planning, wealth management and related financial matters.
For investors, this formalises leadership at the top of the Company for a fixed three-year term, with the remuneration quantum disclosed.
More numbers
- Term of appointment3 (three) years
- Remuneration per annumRs. 6,00,000/-
- Experience in textile industryover 21 years
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