Paul Merchants: Ritesh Vaid re-appointed Director & WTD for 5 years
Paul Merchants Ltd. announced that its members, at the 42nd Annual General Meeting held on September 18, 2026, approved the re-appointment of Mr. Ritesh Vaid. He was re-appointed as a Director liable to retire by rotation and also as Designated Whole Time Director for a term of five years, commencing from October 1, 2026, and ending on September 30, 2031. His remuneration was approved for the period October 1, 2026, to September 30, 2029, within an annual range of ₹30.00 Lakhs to ₹50.00 Lakhs. Mr. Vaid has been associated with the company since October 1, 2008, and has served as Designated Whole Time Director since February 10, 2022, bringing approximately 24 years of professional experience. He is not related to any other Director or Key Managerial Personnel of the Company.
Key Highlights
- Members approved the re-appointment of Mr. Ritesh Vaid as a Director.
- He was re-appointed as Designated Whole Time Director for a five-year term.
- The term commences October 1, 2026, and concludes September 30, 2031.
- Annual remuneration is approved between ₹30.00 Lakhs and ₹50.00 Lakhs.
- Mr. Vaid has 24 years of experience and no related party disclosures.
Price Impact
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