Uniparts India Limited — Others, 25-11-2024: Change in Management

Uniparts India Ltd. reports key updates from its recent board meeting, approving the appointment of Ms. Tanushree Shyam Bagrodia as Whole Time Director and Group Chief Operating Officer for three years, contingent upon shareholder approval. Additionally, the board authorized an investment limit of ₹1,500 crore, also pending shareholder consent. Meanwhile, Mr. Sudhakar Simhachala Kolli has resigned as Chief Executive Officer of Uniparts Olsen Inc. and Group COO, effective immediately, but will assist during the transition until January 31, 2025. This leadership transition could bolster operational efficiency and strategic direction, presenting a positive outlook for investors through enhanced governance.