Golden Carpets Ltd has made a regulatory disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations. The disclosure concerns a management change approved by the Board of Directors at its meeting held on Thursday, 20th August 2026.
Nature of Event
The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the change in designation of Mr. Srikrishna Naik (DIN: 01730236) from Managing Director to Director (Non-executive & Non-Independent) of the Company.
Effective Date
The change in designation is effective from 20th August 2026.
Director Profile
Mr. Srikrishna Naik is a graduate with wide experience in different areas including business management, administration, and marketing. The disclosure notes he has shown strong leadership, clear thinking, and a good understanding of market dynamics, with his skills contributing to the growth and success of organizations he has worked with.
Term of Appointment
Following the designation change, Mr. Naik shall be liable to retire by rotation.
Relationships Between Directors
The disclosure confirms that Mr. Srikrishna Naik is the brother of Mrs. Meena Bhushan Kerur, who serves as the Managing Director of the Company.
Regulatory Compliance Information
Mr. Srikrishna Naik is not debarred from holding the office of Director by virtue of any SEBI Order or any other such Authority, as required under BSE Circular ref. no. LIST/COMP/14/2018-19.
Financial Impact
No financial impact is quantified in the disclosure regarding this designation change.