Ludlow Jute Appoints Awanti Kumar Kankaria as Chairman Emeritus

Ludlow Jute & Specialities Ltd announced the appointment of Mr. Awanti Kumar Kankaria as Chairman Emeritus, effective August 12, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. The role recognizes Mr. Kankaria's extensive experience and guidance in the jute sector. He is an industrialist with over four decades of experience in managing jute mills and has a strong track record of reviving sick units. He will receive a remuneration of ₹12,00,000 per month. Mr. Kankaria is a significant beneficial owner of the company through Panchjanya Distributors Private Limited, which holds 67.21% of the equity share capital.