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Trading & Distributors
Management Change28 Aug 2026, 02:19 pm

Asian Tea & Exports Ltd: Management and CFO Changes Approved

AI Summary

The Board of Directors of Asian Tea & Exports Ltd met on August 28, 2026, approving several key management changes. Mr. Hariram Garg will voluntarily step down as Managing Director due to health reasons, continuing as Chairman & Non-Executive Director. Mr. Sunil Garg is appointed as the new Managing Director for a five-year term. Additionally, Mr. Akhil Kumar Manglik's re-appointment as Non-Executive Independent Director for five years was approved. Mr. Rajesh Garg resigned as Chief Financial Officer, and Mr. Raunak Garg has been appointed as the new CFO, both changes effective September 7, 2026.

Key Highlights

  • Hariram Garg steps down as MD due to health, remains Chairman.
  • Sunil Garg appointed as new Managing Director for 5 years.
  • Akhil Kumar Manglik re-appointed as Independent Director for 5 years.
  • Rajesh Garg resigns as CFO.
  • Raunak Garg appointed as new Chief Financial Officer.