Members Approve Director Retirement by Rotation and MD Reappointment for 3 Years at 41st AGM
At the 41st AGM held on 25.09.2026, members approved: adoption of audited financials for FY ended 31st March, 2026; re-appointment of Mrs. Bhavna D. Mehta, who retired by rotation.
By ScoutQuest · · 2 min read
- AGM Date
- 25.09.2026
- MD Reappointment Term
- 1st June, 2026 to 31st May, 2029
- MD Experience
- more than 17 years in capital markets, equity research, investments, accounts and audit
- Audited Financials Period
- financial year ended 31st March, 2026
What was approved
The company informed the exchange that its members approved certain items at the 41st Annual General Meeting held on 25.09.2026 at the registered office.
- Adoption of the audited financial statements for the financial year ended 31st March, 2026, along with the Board's and Auditors' reports.
- Re-appointment of Mrs. Bhavna D. Mehta as Director, who retired by rotation and was eligible for re-appointment.
- Reappointment of Mr. Vishwesh D. Mehta as Managing Director for a term of 3 years.
About the Managing Director reappointment
The reappointment was based on the recommendation of the Nomination & Remuneration Committee, approved at the board meeting held on 28.05.2026, effective from 01.06.2026, subject to shareholders' approval. The term runs from 1st June, 2026 to 31st May, 2029.
Mr. Vishwesh D. Mehta, aged 43 years, is a commerce graduate, Chartered Accountant (ACA), Chartered Financial Analyst (USA) L-2, and holds a PhD in Finance from the Indian Institute of Management. He has more than 17 years of experience in capital markets, equity research, investments, accounts and audit, and the overall operations of the company. He is a promoter group member and has been a director since 03.05.2022, and is not a director in any other body corporate.
Relationships
He is related to Mrs. Bhavna D. Mehta, Director of the company, who is his mother. Apart from the appointee and his relatives, no other director or key managerial personnel is connected or interested.
Affirmation
The company stated he is not debarred from holding the office of Director by any SEBI or other order, and has not been convicted of any offence connected with the promotion, formation or management of a company or LLP, nor found guilty of fraud, misfeasance or breach of duty in the last five years.
How to read this
This is a routine governance update confirming shareholder approval of annual meeting items and leadership continuity at the top of the company.
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More numbers
- MD reappointment term3 years
- Age of Mr. Vishwesh D. Mehta43 years
- Experiencemore than 17 years
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