Nature of the Event
The Board of Directors, in their meeting held on Friday, May 29, 2026, approved the appointment of Mr. Akshit M. Raycha (DIN: 03039859) as the Joint Managing Director of the Company for the financial year 2026-27.
Key Quantitative Figures and Terms
- Remuneration: Monthly remuneration of up to ₹2,00,000, payable as per the company's financial convenience (monthly, bi-monthly, quarterly, half-yearly, or yearly).
- Remuneration Increase: An increase of ₹9,00,000 per annum was approved, raising the total annual remuneration to ₹24,00,000.
- Term of Office: The appointment is for a term of three years, from 29/05/2026 to 28/04/2029.
- Shareholding: Mr. Akshit M. Raycha holds 189,817 shares in the company.
Parties Involved
- Appointee: Mr. Akshit M. Raycha
- Approving Bodies: The Nomination and Remuneration Committee and the Board of Directors of Zenith Healthcare Limited.
Profile of the Appointee
- Date of Birth: 05.05.1989
- Age: 37 Years
- Educational Qualification: Commerce Graduate and M.B.A. from Cambridge University.
- Experience: Described as having vast experience in management, specifically in handling various business areas including export and the retail industry. He has initiated several new initiatives since previously joining as Joint Managing Director/Whole Time Director.
- Relationships: He is the son of the Chairman & Managing Director (Mahendra C. Raycha) and Director (Neela M. Raycha).
- Other Directorships: He holds directorships/designated partner roles in four other entities: Zenith Lifecare Private Limited, Zenith Medicine Private Limited, Achyut Healthcare Limited, and Duck Cosmetics LLP.
Approval Status
- The appointment was approved by the Nomination and Remuneration Committee on 29th May, 2026.
- The appointment was approved by the Board of Directors in their meeting on 29th May, 2026.
- A Special Resolution for this appointment is yet to be passed by shareholders in the ensuing Annual General Meeting (AGM).