Krishanveer Forge Limited has intimated the stock exchange regarding a board decision concerning management reappointment.
Key Decision and Effective Date
The Board of Directors, in its meeting held on Wednesday, May 27, 2026, recommended the reappointment of Mr. Nitin Rajore as Whole Time Director of the Company. The reappointment is proposed for a term of five (5) years, effective from December 01, 2026.
Approval Required
The reappointment is subject to approval by shareholders in the ensuing Annual General Meeting (AGM).
Director Profile and Experience
Mr. Nitin Rajore possesses over 45 years of extensive experience in the manufacturing sector, with expertise in overall management, administration, and finance. His specific career history includes:
- 1981-1986: Managing Director of Papilon Industry Ltd (a plastic moulding and processing unit) in Nigeria.
- 1986-2000: Established and managed his own plastics injection molding venture, Argee Plastics Pvt. Ltd.
- 1995-2006: Served as Promoter Director and Managing Director of Tristar Polymers Pvt. Ltd., overseeing its plastic moulding unit.
- 2006-2016: Worked as Chief Executive Officer of Kran Rader, a company in the forging industry.
- December 2016-Present: Serving as Whole-Time Director of Rajkumar Forge Limited.
Director Relationships
Mr. Nitin Rajore is not related to any other Director of the Company.
Regulatory Compliance Check
As per BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 (both dated June 20, 2018), Mr. Nitin Rajore is not debarred from holding the office of Director pursuant to any SEBI Order or any other such authority.
Financial Impact
Financial impact not quantified in the disclosure.
Additional Information
The complete information is available on the Company's website at www.kvforge.com. The intimation was signed by Mr. Mahendra Ravso Samdole (Membership No. A58630), Company Secretary and Compliance Officer.