Nilkamal Limited — Others, 26-03-2025: Change in Management

Nilkamal Limited has announced a board meeting to approve the re-appointments of Mr. Hiten V. Parekh as Managing Director, and Mr. Manish V. Parekh and Mr. Nayan S. Parekh as Joint Managing Directors, each for a term of five years starting April 1, 2025. These leadership roles are pivotal, as the Parekhs have significantly contributed to the company's market position and operational growth, overseeing critical segments of its business.

This strategic continuity in leadership aims to bolster investor confidence, indicating a positive outlook for the company's ongoing initiatives in furniture and materials handling. The board also approved a postal ballot to secure shareholders' consent for these appointments, with a cut-off date set for e-voting on March 28, 2025.