StockWatch
·
Residential- Commercial Projects
Management Change15 May 2026, 05:21 pm

Arihant Superstructures Appoints Parth Chhajer as Joint MD

AI Summary

Arihant Superstructures Ltd. has appointed Mr. Parth Chhajer (DIN: 06646333) as the Joint Managing Director of the company, effective May 15, 2026, for a term of five years, subject to shareholder approval. This decision was made based on the recommendation of the Nomination and Remuneration Committee. The board also approved the appointment of Mr. Bhavik Chhajer (DIN: 08475397) as Joint Managing Director with effect from May 15, 2026. The board meeting on May 15, 2026, also covered approval of audited financial results for FY26, a dividend recommendation of ₹0.25 per share, and other business matters.

Key Highlights

  • Parth Chhajer appointed as Joint Managing Director effective May 15, 2026.
  • Bhavik Chhajer appointed as Joint Managing Director effective May 15, 2026.
  • Board recommends a final dividend of ₹0.25 per share for FY26.
  • Audited Standalone and Consolidated Financial Results for FY26 approved.
  • Appointment of M/s. Anjani Goyal & Co. as Internal Auditor for FY 2026-27 approved.