Management Change31 Aug 2026, 01:58 pm
Zenith Healthcare Regularizes Akshit M. Raycha as Joint MD/WTD
AI Summary
Zenith Healthcare Ltd has announced the regularization of Mr. Akshit M. Raycha (DIN: 03039859) as Joint Managing Director/Whole Time Director. This decision was approved by a special resolution at the company's 32nd Annual General Meeting. Mr. Raycha, son of CMD Mahendra C. Raycha, has been with the company in this role and has initiated several new business initiatives. His term is set from May 29, 2026, to April 28, 2029. His remuneration will be up to ₹2,00,000 per month, with an annual increase of ₹9,00,000, bringing the total to ₹24,00,000.
Key Highlights
- Akshit M. Raycha's appointment as Joint MD/WTD is regularized.
- Approval granted via special resolution at the 32nd AGM.
- Director's term is for 3 years, from May 2026 to April 2029.
- Annual remuneration capped at ₹24,00,000.
- Mr. Raycha is son of CMD and holds other directorships.
Price Impact
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