Royal India Corp Board Approves CMD Re-appointment, Subsidiary Divestment

Royal India Corporation Ltd announced that its Board of Directors, in a meeting held on August 07, 2026, approved the re-appointment of Mr. Nitin Gujral as Chairman and Managing Director for a five-year term effective August 08, 2026. The board also noted the resignation of Ms. Jinal Shah as Company Secretary and Compliance Officer, effective August 31, 2026. Additionally, the company's wholly-owned subsidiary, Suryam India Minecorp Private Limited, transferred 10% equity shares of Exclusive Quarries Private Limited (EQPL) to Sumantra Techsoft Private Limited, resulting in EQPL ceasing to be a subsidiary of Suryam and a step-down subsidiary of Royal India Corporation Ltd. Mr. Gujral's re-appointment is subject to shareholder approval and includes a remuneration of ₹5,40,000 per annum.