Shareholders at AGM approve reappointment of two Whole Time Directors and related party remuneration hike
Reappointment of Mr. Dineshkumar Harjivanbhai Patel as Whole Time Director, w.e.f. 13th August, 2026 for five consecutive years.
- AGM Date
- 29th September, 2026
- Director Reappointment 1
- Mr. Dineshkumar Harjivanbhai Patel as Whole Time Director, w.e.f. 13th August, 2026 for five consecutive years
- Director Reappointment 2
- Mr. Ankur Dhirajlal Patel as Whole Time Director, w.e.f. 13th August, 2026 for five consecutive years
- Related Party Remuneration
- Increase in remuneration of Mr. Vikalp Dhirajlal Patel, Head F&D, relative of Managing Director
What was approved
At the Annual General Meeting held on 29th September, 2026, shareholders considered and approved three items relating to management.
- Reappointment of Mr. Dineshkumar Harjivanbhai Patel as Whole Time Director, with effect from 13th August, 2026, for a term of five consecutive years. The reason stated is completion of his existing term. He holds a Master of Science degree and a Ph.D., with experience in production and continuous involvement in the company's research and development. No relationship with other directors is disclosed for him.
- Reappointment of Mr. Ankur Dhirajlal Patel as Whole Time Director, with effect from 13th August, 2026, for a term of five consecutive years, also due to completion of his existing term. He is a chemical engineer with a master's degree in polymer science from the USA and experience in marketing, research and development. He is the son of Mr. Dhirajlal Patel, Managing Director of the company.
- Approval for an increase in remuneration of a related party, Mr. Vikalp Dhirajlal Patel, Head F&D, who is a relative of Mr. Dhirajlal Karsandas Patel, Managing Director.
How to read this
These are continuity decisions rather than fresh changes in leadership: both directors were already serving and have been reappointed after their terms ended. Two of the three items involve members of the promoter family, which is common in closely held companies but means investors may want to track related party remuneration over time.
The update was signed by Mr. Dhirajlal K Patel, Chairman & Managing Director.
More numbers
- Term of reappointment - Mr. Dineshkumar H. Patelfive consecutive years
- Term of reappointment - Mr. Ankur D. Patelfive consecutive years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.