StockWatch
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Industrial Products
Management Change30 Sept 2026, 05:30 pm

Sunita Tools Appoints Satish Kumar Pandey as MD

AI Summary

Sunita Tools Ltd announced the outcome of its Board Meeting held on September 30, 2026. The board approved the appointment of Mr. Satish Kumar Pandey as Managing Director for a term of five years, effective September 30, 2026, subject to shareholder approval. His remuneration was also approved. Additionally, the remuneration for Mr. Sanjay Kumar Pandey and Ms. Ragini Pandey as Whole Time Directors was approved, also pending shareholder consent. The meeting commenced at 4:00 PM and concluded at 4:30 PM. Mr. Satish Kumar Pandey has over three decades of experience in the Moulds and Dies Industry and is a promoter of the company. Disclosure documents indicate familial relationships among the directors.

Key Highlights

  • Satish Kumar Pandey appointed as Managing Director.
  • Appointment is for a five-year term.
  • Remuneration for MD and two Whole Time Directors approved.
  • Approvals are subject to shareholder consent.
  • Board meeting held on September 30, 2026.