The Board of Directors, in a meeting held on 29th May 2026, reappointed Mr. Avinash Jajodia (DIN: 00074886) as the Managing Director of the company. His new term is for a period of three years, effective from 12th June 2026 to 11th June 2029.
Annexure Details (as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023)
Reason for Change: Reappointed as the Chairman and Managing Director for 3 years. He was previously appointed as a Director liable to retire by rotation.
Brief Profile of Mr. Avinash Jajodia:
- He was an academic excellence awardee in school and college throughout his career.
- He holds an M.B.A. from Manchester University in the UK.
- He started his career with the company as a business executive, later becoming Executive Director, then Managing Director, and then Chairman & Managing Director.
- He is credited with rehabilitating the company and achieving a successful turnaround in its fortunes.
- He has served the company for over 20 years.
Date of Reappointment: 12th June 2026 to 11th June 2029.
Disclosure of Relationships between Directors: Mr. Avinash Jajodia is not related to any of the other directors of the company.
The disclosure was signed and submitted by Nidhi Kothari, Company Secretary & Compliance Officer (ACS: 54354), to the Bombay Stock Exchange Limited.