StockWatch
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Forest Products
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.