Management Change18 May 2026, 03:42 pm
Rishabh Instruments: Dineshkumar Musalekar Named Managing Director
AI Summary
Rishabh Instruments Ltd. announced the re-designation of Mr. Dineshkumar Musalekar from Whole-Time Director to Managing Director, effective May 18, 2026, subject to shareholder approval at the upcoming AGM. His term is for 5 years, liable to retire by rotation. His remuneration includes INR 14,000,000 annually, plus Euro 42,000 at Lumel S.A. and Euro 36,000 at Lumel Alucast Sp. Z.o.o.
Key Highlights
- Dineshkumar Musalekar redesignated as Managing Director effective May 18, 2026.
- Musalekar's term is for 5 years, subject to shareholder approval.
- Annual remuneration includes INR 14,000,000 plus Euro components.
- Musalekar has three decades of experience in various leadership roles.
- No inter-se relationship exists between Musalekar and other directors.
Price Impact
More from RISHABH