Uniparts India Limited — Important, 25-11-2024: General Updates

The Board of Uniparts India Ltd. has appointed Ms. Tanushree Shyam Bagrodia as Whole Time Director for three years, effective immediately, pending shareholder approval. She also assumes the role of Group Chief Operating Officer, bringing with her extensive experience in investment banking and industry leadership.

Additionally, the Board authorized a total investment limit of ₹1,500 crores, subject to shareholder approval via postal ballot. The company also noted the resignation of Mr. Sudhakar Simhachala Kolli, former Chief Executive Officer of Uniparts Olsen Inc. and Group Chief Operating Officer, who will assist with the transition until January 31, 2025. These management changes could enhance operational focus and strategic direction, warranting investor attention as the company navigates this transition period.