Management Change12 Aug 2026, 08:01 pm
Paul Merchants Ltd: Ritesh Vaid Reappointed Whole Time Director; CFO Resigns
AI Summary
Paul Merchants Ltd announced key management changes following a Board of Directors meeting on August 12, 2026. The Board approved the re-appointment of Mr. Ritesh Vaid as Designated Whole Time Director for a five-year term from October 1, 2026, to September 30, 2031, subject to shareholder approval at the upcoming 42nd Annual General Meeting (AGM) scheduled for September 18, 2026. Concurrently, the Board accepted the resignation of Ms. Sakshi as Chief Financial Officer and Key Managerial Personnel, effective August 12, 2026. The company also announced the convening of its 42nd AGM for the financial year 2025-26.
Key Highlights
- Ritesh Vaid reappointed as Designated Whole Time Director for five years.
- Re-appointment is subject to shareholder approval at the upcoming AGM.
- Ms. Sakshi resigns as Chief Financial Officer and Key Managerial Personnel.
- 42nd Annual General Meeting scheduled for September 18, 2026.
- Changes indicate a shift in key leadership roles within the company.
Price Impact
More from PML