Jtekt India Limited — Others, 20-12-2024: Appointment

JTEKT India Limited's Board of Directors has announced Mr. Hitoshi Mogi's resignation as Chairman & Managing Director, effective January 1, 2025. Subsequently, Mr. Minoru Sugisawa has been re-designated from Wholetime Director to Chairman & Managing Director, starting January 1, 2025, for the remainder of his tenure until May 31, 2026. Mr. Sugisawa brings over 30 years of experience in production administration and engineering. This leadership change may signal a strategic shift, creating a positive outlook among investors as the company continues its operational focus under his seasoned guidance.