Grovy India Limited has scheduled a board meeting on June 12, 2026, to consider and approve a restructuring of its senior management and leadership framework. The meeting, set to take place at 04:00 P.M., will address consequential changes in the composition of the Board of Directors and Key Managerial Personnel. These strategic shifts aim to realign the company's leadership structure.

The board will evaluate the cessation of Mr. Prakash Chand Jalan as Non-Executive Director and his subsequent appointment as Managing Director cum Chairperson. This transition is subject to the approval of the shareholders and other necessary regulatory clearances. The move signifies a significant change in the company's executive hierarchy.

Further changes include the cessation of Mr. Nishit Jalan as Whole Time Director & Chief Executive Officer and his appointment as Chief Financial Officer. Additionally, Mr. Ankur Jalan will cease his role as Chief Financial Officer to take up the position of Non-Executive Director, subject to required approvals. These changes reflect a comprehensive reshuffle within the top management.

The following table outlines the proposed changes in roles for the key personnel:

The intimation regarding this meeting has been submitted in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's official website.

Grovy India Limited has scheduled a board meeting for June 09, 2026, to consider a final dividend of ₹0.10 per share for the financial year ended March 31, 2026. The board will also evaluate proposals to raise capital through the issuance of equity shares or convertible securities via preferential or rights issues. Additionally, the directors will discuss increasing the authorized share capital and altering the capital clause of the Memorandum of Association.

The meeting agenda includes the consideration and approval of the Director's Report, Annual Report, and related annexures for FY26. The board will fix the date, time, and venue for the 41st Annual General Meeting (AGM) and approve the notice for the same. Re-appointment of Mrs. Anita Jalan, a director retiring by rotation, is also on the agenda.

Further, the board will consider an increase in the remuneration of the Chief Executive Officer and Chief Financial Officer. The trading window for designated persons and their immediate relatives closed on June 2, 2026, and will remain shut until 48 hours after the declaration of the board meeting outcome, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Key Agenda Items