
Management Change14 Aug 2026, 06:50 pm
Pratik Panels Appoints New Whole-Time Director & CFO
AI Summary
Pratik Panels Ltd announced a significant management change following a Board of Directors meeting on August 14, 2026. The company accepted the resignation of Mr. Swapnil Sharad Shimpi as Whole-Time Director & CFO, effective the same date, citing other professional commitments. Concurrently, the Board approved the appointment of Mr. Jileshkumar Lagdhirbhai Desai as the new Whole-Time Director & CFO for a term of three years, commencing August 14, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The company also approved its standalone un-audited financial results for the quarter ended June 30, 2026.
Key Highlights
- Resignation of Whole-Time Director & CFO accepted.
- New Whole-Time Director & CFO appointed for a 3-year term.
- Appointment is subject to shareholder approval at the AGM.
- Unaudited financial results for Q1 FY27 approved.
Price Impact
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