Shareholders approve re-appointment of Managing Director for 3 years
Shareholders at the 54th AGM held on September 29, 2026 (voting results declared September 30, 2026) approved the re-appointment of Mr. Naynesh Pasari (DIN: 00519612) as Managing Director for 3 years, w.e.f. August 10.
- AGM Date
- September 29, 2026
- Voting Results Declared
- September 30, 2026
- MD Re-appointment Term
- 3 years, w.e.f. August 10, 2026 till August 09, 2029
- MD Name
- Mr. Naynesh Pasari (DIN: 00519612)
- Rotation Status
- Not liable to retire by rotation
What happened
Shareholders approved the re-appointment of Mr. Naynesh Pasari as Managing Director of the company, on the recommendation of the Nomination and Remuneration Committee and the Board.
Key details
- Term: 3 (Three) years, from August 10, 2026 till August 09, 2029
- Not liable to retire by rotation
- Approved at the 54th Annual General Meeting held on September 29, 2026; voting results declared on September 30, 2026
- This continues earlier intimations made by the company on the same matter
About the appointee
Mr. Naynesh Pasari holds an MBA in finance from Waltham, USA, and has wide experience in the paper industry, including accounting, marketing, export-import and finance. He is the son of Mr. Narendra Kumar Pasari, Whole Time Director of the company, and is not related to any other Director or KMP.
He is not debarred from holding the office of Director by any order of SEBI or any other authority.
What it means for investors
This is a continuity decision rather than a change in leadership. The existing Managing Director stays on for a further fixed term, keeping management stable at the top.
More numbers
- Term of re-appointment3 (Three) years
- AGM number54th Annual General Meeting
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