Members approve Managing Director's reappointment for a further 5 years from 01/03/2026 to 28/02/2031

Members approved the reappointment of Mr. Swetank M. Patel (DIN: 00116551) as Managing Director of the company.

Thu 1 Oct 2026

Reappointment Term

5 (five) years, from 01/03/2026 to 28/02/2031

Board Approval Date

14/02/2026

AGM Date

30/09/2026

DIN

00116551

Age / Experience

aged 60 years, with more than 30 years of experience

Members have approved the reappointment of the company's Managing Director for a further five-year term.

What was approved

• Mr. Swetank M. Patel (DIN: 00116551) continues as Managing Director for a further period of 5 (five) years, from 01/03/2026 to 28/02/2031.
• The approval was given by members at the Annual General Meeting held on Wednesday, 30th September, 2026.
• The Board of Directors, at its meeting held on 14/02/2026, had approved the reappointment, based on the recommendations of the Nomination & Remuneration Committee.

Who is being reappointed

• Mr. Swetank M. Patel is the Promoter & Managing Director of the company.
• He is 60 years old and has more than 30 years of experience in operating business activities.
• The disclosure states he is proficient on commercial matters that can help the company build a strong base for future prospects and growth, and that he has been a guiding force behind the company's growth and business strategy.
• Mrs. Hina S. Patel and Mr. Swetank M. Patel, the Managing Director, are related as husband and wife.

Other disclosures in the update

• The company affirmed that Mr. Swetank M. Patel has not been debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or such other authorities.
• The Annual General Meeting commenced at 11:30 a.m. and concluded at 11:45 a.m.

How to read this

A reappointment of a Managing Director is about continuity at the top of the company rather than a change in who runs it. The role is now fixed for a defined five-year term, which gives a clear tenure. Because the person continuing is also a promoter, the news points to continuity of ownership and management. The company has also stated that he is not barred from holding the office of Director.

What investors may watch

• Any further disclosures around the terms of the reappointment, as and when shared by the company.
• How the company's stated business objectives and growth strategy progress over the five-year term.

The disclosure was made as a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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