Renaissance Global Limited — Others, 09-01-2025: Shareholders meeting

Renaissance Global Limited has announced a board meeting focused on a Postal Ballot seeking approval for critical leadership changes. The company aims to appoint Mr. Darshil Shah as Managing Director for five years, effective January 1, 2025, and Mr. Hitesh Shah as Management Consultant, with a consultancy fee of ₹4 lakh per month. Additionally, there are proposals to revise the overall managerial remuneration limits, allowing up to ₹5 crore or 20% of net profits per annum, whichever is higher. This strategic reshuffle positions the company for enhanced leadership alignment, fostering a positive outlook among investors amidst potential operational efficiencies.