
Management Change21 Apr 2026, 01:36 pm
Neelkanth Ltd: Chairman & CEO Yogesh Dawda resigns; Bhavik Bhimjyani appointed CMD
AI Summary
The Board of Directors of Neelkanth Limited, in a meeting on April 21, 2026, accepted the resignation of Mr. Yogesh Dawda from his roles as Chairman, Wholetime Director, and CEO, effective the same day. Concurrently, Mr. Bhavik Bhimjyani was appointed as an Additional Director, taking on the roles of Chairman & Managing Director for a five-year term, subject to member approval. The Board also approved amendments to the Articles of Association and a Postal Ballot Notice to seek member approval for these changes and the appointment of an Independent Director. A scrutinizer for the postal ballot was also appointed.
Key Highlights
- Yogesh Dawda resigned as Chairman, Wholetime Director & CEO.
- Bhavik Bhimjyani appointed Chairman & Managing Director for 5 years.
- Board approved amendments to the Articles of Association.
- Postal Ballot initiated for key appointments and AOA changes.
- Changes in Key Managerial Personnel structure.
Price Impact
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