Management Change17 Apr 2026, 08:21 pm
Alicon Castalloy: Ishaan Rai Appointed Director; Pamela Rai Resigns
AI Summary
Alicon Castalloy's Board appointed Mr. Ishaan Rai as an Additional Director, effective May 12, 2026, subject to shareholder approval via postal ballot. Concurrently, Ms. Pamela Rai resigned as a Non-executive Non-Independent Director, with her resignation also effective from May 12, 2026, citing other commitments. Mr. Ishaan Rai, son of the Managing Director Mr. S. Rai and the resigning Ms. Pamela Rai, brings a background in law, M&A, private equity, and media. He holds 12 shares in the company.
Key Highlights
- Ishaan Rai appointed as Additional Director, effective May 12, 2026.
- Pamela Rai resigned as Director, effective May 12, 2026, due to other commitments.
- Ishaan Rai is the son of the Managing Director and the resigning Director.
- New director has experience in M&A, private equity, and corporate finance.
- Appointment is subject to shareholder approval via postal ballot.
Price Impact
More from ALICON