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

Uniparts India Ltd. has announced a board meeting outcome, where Ms. Tanushree Shyam Bagrodia has been appointed as Whole Time Director and Group Chief Operating Officer for three years, pending shareholder approval. Additionally, the Board authorized investments up to ₹1,500 crore, also subject to shareholder consent via postal ballot. Concurrently, Mr. Sudhakar Simhachala Kolli resigned as CEO of Uniparts Olsen Inc. and Group COO, effective immediately, but will assist until January 31, 2025. This leadership change and strategic investment authorization may potentially enhance operational agility and long-term growth, resulting in a positive outlook for investors.