Management Change27 Aug 2026, 07:00 pm
Sun Retail Appoints Sanjay Patil as MD, Bharat Patel as Director
AI Summary
Sun Retail Ltd announced key management changes following a Board of Directors meeting held on August 27, 2026. Mr. Sanjay Patil has been appointed as the Managing Director for a term of five years, subject to shareholder approval. Additionally, Mr. Bharatbhai Kanjibhai Patel was appointed as an Additional Non-Executive Non-Independent Director. Both appointments are effective from August 27, 2026, and are subject to shareholder ratification at the upcoming Annual General Meeting. The company also confirmed that neither appointee is debarred from holding a director's office by any SEBI order.
Key Highlights
- Sanjay Patil appointed as Managing Director.
- Bharatbhai Kanjibhai Patel appointed as Additional Director.
- Appointments are subject to shareholder approval.
- Both directors are not debarred by SEBI.
- Effective date for appointments is August 27, 2026.
Price Impact
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