Indong Tea Company Ltd: AGM Approves Director Re-appointments & MD Change
Indong Tea Company Ltd announced the outcome of its 36th Annual General Meeting (AGM) held on September 28, 2026. All resolutions were passed with the requisite majority. Key approvals include the re-appointment of Mr. Madanlal Garg, Mr. Rajesh Garg, and Mrs. Rama Garg as directors liable to retire by rotation. Additionally, Shri Hariram Garg voluntarily stepped down as Managing Director due to health reasons, effective September 28, 2026, and will continue as Chairman & Executive Director from October 1, 2026. Shri Rajesh Garg has been appointed as the new Managing Director for a term of five years, commencing September 28, 2026. Shri Akhil Kumar Manglik was also re-appointed as a Non-Executive Independent Director.
Key Highlights
- AGM held on September 28, 2026, passed all resolutions.
- Re-appointment of directors Mr. Madanlal Garg, Mr. Rajesh Garg, and Mrs. Rama Garg approved.
- Shri Hariram Garg steps down as MD due to health, continues as Chairman.
- Shri Rajesh Garg appointed as new Managing Director for 5 years.
- Re-appointment of Shri Akhil Kumar Manglik as Independent Director approved.
Price Impact
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