Management Change12 Jun 2026, 06:01 pm
Grovy India Ltd: Board Approves MD/Chairperson Appointment, CFO Change
AI Summary
Grovy India Ltd announced significant management changes following a Board of Directors meeting on June 12, 2026. Mr. Prakash Chand Jalan has been appointed as the new Managing Director and Chairperson for a five-year term, subject to shareholder approval. Concurrently, Mr. Nishit Jalan will transition from Whole-time Director cum CEO to Chief Financial Officer. Mr. Ankur Jalan will cease his role as CFO and be appointed as a Non-Executive Director. These changes are effective immediately and are subject to necessary shareholder approvals.
Key Highlights
- Prakash Chand Jalan appointed MD & Chairperson for 5 years.
- Nishit Jalan moves from CEO to CFO role.
- Ankur Jalan transitions from CFO to Non-Executive Director.
- All changes effective June 12, 2026, pending shareholder approval.
Price Impact
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