Nature of the Event
Disclosure of changes in Key Managerial Personnel (KMP) as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details
- Disclosure Type: Regulatory filing pursuant to SEBI LODR Regulations
Event Specifics
The Board of Directors at its meeting held on May 26, 2026, at 3:00 p.m. approved the re-appointment of Mr. Shridhar Pittie (DIN: 00562400) as Chairman & Managing Director of the company.
Appointment Details
- Term: 3 years
- Effective Date: June 30, 2026
- Condition: Subject to approval of members at the ensuing Annual General Meeting (AGM) of the company
Director Profile
Mr. Shridhar Pittie
- Age: 73 years
- Current Position: Chairman and Managing Director
- Responsibilities: Looks after day-to-day working of the company
- Qualifications: B.A. (Hons) in Economics; Diploma in Electronics & Radio Engineering; MBA (Finance)
- Experience: 55 years total experience, including 44 years in managerial capacity
- Contributions: Instrumental in turning the company around and entering into real estate development activities
Relationship Disclosure
Mr. Shridhar N. Pittie is one of the promoters of the company and the father of Mr. Umang Pittie and Mr. Vaibhav Pittie, who are Executive Directors of the company.
Filing Details
- Filed with: BSE Limited
- PAN: AANPJ8982D
- Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
Financial Impact
No specific financial impact disclosed regarding the reappointment. The disclosure is primarily governance-related.