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AGM/EGM29 Aug 2026, 01:31 pm

Paradeep Parivahan Ltd: Director Appointment Regularised at AGM

AI Summary

Paradeep Parivahan Ltd announced that at its 26th Annual General Meeting held on August 26, 2026, shareholders approved the regularisation of Mr. Abdul Basith Shaikh's appointment as an Executive Director. Mr. Shaikh was initially appointed as an Additional Director by the Board on April 13, 2026. His appointment as Executive Director is effective from August 26, 2026, with an annual remuneration of ₹27,04,000. He holds a B.Tech from NIT Karnataka and an MBA from NMIMS Mumbai, with over a decade of experience in the steel and conglomerate sectors. Notably, Mr. Shaikh is related to the Managing Director & CEO, Mr. Khalid Khan.

Key Highlights

  • AGM approved regularisation of Mr. Abdul Basith Shaikh as Executive Director.
  • Appointment effective August 26, 2026, with annual remuneration of ₹27,04,000.
  • Mr. Shaikh has a strong academic background and industry experience.
  • Disclosure of relationship with MD & CEO, Mr. Khalid Khan, is provided.