Management Change1 Jun 2026, 01:43 pm
Savita Oil Tech Appoints Ajay Reche as Additional Director
AI Summary
Savita Oil Technologies Ltd. has announced the appointment of Mr. Ajay Reche as an Additional Director (Whole-time Director) effective June 1, 2026, until September 30, 2030, subject to shareholder approval at the upcoming Annual General Meeting. The Board of Directors also approved the convening of the 65th Annual General Meeting on August 31, 2026, via video conferencing. The board meeting commenced at 12:45 p.m. and concluded at 1:20 p.m.
Key Highlights
- Ajay Reche appointed as Additional Director (Whole-time Director) effective June 1, 2026.
- Reche's appointment is subject to shareholder approval at the next AGM.
- 65th Annual General Meeting scheduled for August 31, 2026, via video conferencing.
- Reche has over 29 years of experience in HR and related fields.
- Board confirms Ajay Reche is not debarred from holding the office of Director.
Price Impact
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