Management Change28 Aug 2026, 02:59 pm
Asian Tea & Exports Ltd: Management Reshuffle and Appointments
AI Summary
Asian Tea & Exports Ltd announced significant management changes during a Board of Directors meeting held on August 28, 2026. Mr. Hariram Garg will step down as Managing Director due to health reasons, continuing as Chairman & Non-Executive Director. Mr. Sunil Garg will take over as Managing Director for a five-year term. Additionally, Mr. Rajesh Garg resigned as Chief Financial Officer, and Mr. Raunak Garg has been appointed as the new CFO. These changes are effective from September 7th and 28th, 2026, respectively, and are subject to member approval.
Key Highlights
- Hariram Garg resigns as MD due to health, remains Chairman.
- Sunil Garg appointed as new Managing Director for 5 years.
- Rajesh Garg resigns as CFO; Raunak Garg appointed as new CFO.
- All changes effective from late September 2026.
- Appointments and resignations subject to shareholder approval.
Price Impact
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