Board approves appointment of Managing Director for five years and remuneration of two Whole Time Directors
Board outcome dated September 30, 2026.
- MD Appointment
- Mr. Satish Kumar Pandey appointed Managing Director with effect from September 30, 2026, for five years
- MD Term Length
- Five years, subject to shareholders' approval
- Previous MD Term Expiry
- May 25, 2026
- Board Decision Date
- September 30, 2026
- Related Directors
- Mr. Sanjay Kumar Pandey (brother) and Ms. Ragini Pandey (wife) as Whole Time Directors
What the Board decided
- Appointment of Mr. Satish Kumar Pandey (DIN: 00158327) as Managing Director with effect from September 30, 2026, following the expiry of his earlier term of office on May 25, 2026. His remuneration was also approved, subject to shareholders' approval.
- Approval of remuneration of Mr. Sanjay Kumar Pandey as Whole Time Director, subject to shareholders' approval.
- Approval of remuneration of Ms. Ragini Pandey as Whole Time Director, subject to shareholders' approval.
About the Managing Director
- Aged 54 years, one of the Promoters of the Company, and previously designated Managing Director.
- First appointed to the Board with effect from October 01, 1993.
- Bachelor of Commerce from Mumbai University (1993), with more than three decades of experience in the Moulds and Dies Industry.
- Expertise cited in Moulds and Dies Industry, marketing strategy, business strategy and management.
- Term of appointment: Five years, subject to approval of the Members.
- Other directorships: Sunita Leoquip Aerospace Pvt Ltd and Sunita Imperial Aerospace Pvt Ltd.
Family relationships disclosed
- Mr. Sanjay Pandey is the brother of Mr. Satish Kumar Pandey.
- Ms. Ragini Pandey is the wife of Mr. Satish Kumar Pandey.
- Ms. Uma Pandey is the sister-in-law of Mr. Satish Kumar Pandey.
Meeting details
The Board meeting commenced at 04:00 P.M. and concluded at 04:30 P.M. on Wednesday, September 30, 2026.
How to read this
This is a leadership continuity step rather than a change of guard: the same promoter resumes the Managing Director role after his previous term lapsed, and there is a gap between that expiry and the fresh appointment. All three remuneration approvals still require shareholders' approval before they take effect, so the final say rests with members at a general meeting. Investors tracking related-party and promoter-family compensation may want to watch the notice of the general meeting for the specific remuneration terms.
More numbers
- Term of appointment as Managing DirectorFive years
- Age of Mr. Satish Kumar Pandeyaged 54 years
- Other directorships listed2
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