Management Change29 May 2026, 05:01 pm
Zenith Healthcare Appoints Akshit Raycha as Joint MD
AI Summary
Zenith Healthcare Ltd. has appointed Akshit Mahendra Raycha as the Joint Managing Director, effective May 29, 2026, for the financial year 2026-27. Mr. Raycha, son of CMD Mahendra C. Raycha and Director Neela M. Raycha, brings extensive management experience, including export business and retail industry expertise. His remuneration includes a monthly salary of up to ₹2,00,000 with an annual increase of ₹9,00,000, totaling ₹24,00,000 per annum, along with other perquisites. The appointment has been approved by the Nomination and Remuneration Committee and the Board of Directors, pending shareholder approval at the next AGM. His term of office is from May 29, 2026, to April 28, 2029.
Key Highlights
- Akshit Mahendra Raycha appointed as Joint Managing Director of Zenith Healthcare.
- Appointment effective May 29, 2026, for a term of three years.
- Raycha's remuneration includes a monthly salary up to ₹2,00,000 plus perquisites.
- The appointment is approved by the Nomination and Remuneration Committee and the Board.
- Shareholder approval is pending at the next AGM.
Price Impact
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