Shareholders approve re-appointment of Managing Director and Whole Time Director for 5 years

Mr. Bhavesh Ramgopal Maheshwari re-appointed as Managing Director for 5 years (24 Aug 2026 to 23 Aug 2031), liable to retire by rotation.

Wed 30 Sep 2026

MD Re-appointment Term

24 Aug 2026 to 23 Aug 2031

MD Name

Mr. Bhavesh Ramgopal Maheshwari

Whole Time Director Name

Mr. Ramgopal Ochhavlal Maheshwari

AGM Date

September 30, 2026

AGM Type

20th Annual General Meeting

What was approved

• Mr. Bhavesh Ramgopal Maheshwari (aged about 33 years) re-appointed as Managing Director for Five (05) years, from 24th August, 2026 to 23rd August, 2031, liable to retire by rotation.
• Mr. Ramgopal Ochhavlal Maheshwari (aged about 63 years) re-appointed as Whole time Director for Five (05) years, same term, not liable to retire by rotation.

How it happened

The re-appointments were recommended by the Nomination and Remuneration Committee, approved by the Board at its meeting held on 24th August, 2026, and approved by shareholders at the 20th Annual General Meeting held on Wednesday, September 30, 2026 (2:00 P.M. to 2:30 P.M.).

Both were re-appointed on expiry of their existing terms, which ended on 24th August, 2026.

Relationships disclosed

Mr. Bhavesh Ramgopal Maheshwari is the son of Mr. Ramgopal Maheshwari and Mrs. Madhu Ramgopal Maheshwari, and spouse of Mrs. Megha Bhavesh Maheshwari. Mr. Ramgopal Ochhavlal Maheshwari is the husband of Mrs. Madhu Ramgopal Maheshwari, father of Mr. Bhavesh Ramgopal Maheshwari and father-in-law of Mrs. Megha Bhavesh Maheshwari.

Eligibility

The company states that neither director is debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

What it means for investors

This is a continuation of the existing leadership rather than a change in the people running the company. Both roles are held by members of the same family, which is common in promoter-led companies. Day-to-day management continuity is preserved for the next five years.

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