StockWatch
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Multi Utilities
Management Change3 Sept 2026, 07:30 pm

Rajesh Power Services: Director Appointed, MD Becomes CMD

AI Summary

Rajesh Power Services Ltd announced key management changes following a Board of Directors meeting on September 3, 2026. Mr. Chetash Mehta has been appointed as an Additional Non-Executive Independent Director for a five-year term, subject to member approval. Additionally, Mr. Kurang Ramchandra Panchal's designation has been changed from Managing Director to Chairman and Managing Director for a five-year term, also pending member approval. The company also approved the reconstitution of its Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee.

Key Highlights

  • New Non-Executive Independent Director appointed.
  • Managing Director's designation changed to Chairman and Managing Director.
  • Board committees have been reconstituted.
  • Changes are subject to shareholder approval.