StockWatch
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Iron & Steel Products
Board Meeting24 Jun 2026, 11:55 am

Shri Bajrang Alliance Board Approves CMD Change, Director Re-appointment, LLP Disinvestment

AI Summary

Shri Bajrang Alliance Ltd's Board of Directors met on June 24, 2026, approving several key changes. Mr. Anand Goel has been designated as Chairman & Managing Director, succeeding Mr. Narendra Goel. The tenure of Independent Director Mr. Rakesh Kumar Mehra will expire on June 28, 2026. The board also approved the re-appointment of Mr. Anshul Dave as an Independent Director for a second five-year term, subject to shareholder approval. Additionally, the company will divest its entire remaining partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP), ceasing its partnership upon completion.

Key Highlights

  • Anand Goel appointed Chairman & Managing Director.
  • Independent Director Rakesh Kumar Mehra's tenure ends June 28.
  • Anshul Dave re-appointed Independent Director for a second term.
  • Company to divest entire stake in SBCD LLP.
  • Board meeting held on June 24, 2026.