Msafe Equipments Limited has announced the resignation of Mr. Rachit Jain from the position of Business Head-Formwork Division. The resignation is effective from the close of business hours on June 15, 2026. The departure follows differences in expectations regarding the development, timelines, and management approach for the Formwork Division.

Mr. Jain submitted his resignation via email on June 1, 2026. In his communication, he cited differences in management approach as the primary reason for stepping down. He had requested a professional transition period of three months to facilitate a proper handover and to secure a new opportunity. However, the company accepted the resignation and relieved him effective June 15, 2026, subject to a mutual understanding and a 15-day notice period.

The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Msafe Equipments confirmed that the resignation email and detailed reasons are enclosed with the regulatory filing.

Details of Change

MSAFE Equipments has announced the re-designation of Mr. Ashish Rai as Chief Operating Officer. The elevation is effective from May 23, 2026, and follows his promotion from the position of National Operations Manager.

The company stated that the change is due to the promotion and elevation of his role within the organization. Mr. Rai has been appointed on a full-time employment basis.

Mr. Ashish Rai is currently the National Operations Head of the company with over 15 years of experience in Supply Chain Management, Logistics, Warehouse Operations, Inventory Control, and End-to-End Operations across diverse industries. He holds a Bachelor of Commerce (Honors) degree from Purvanchal University, Varanasi, and an MBA in Marketing from Tilak Maharashtra University, Pune.

He joined the company in December 2024 and currently leads Pan-India operations, managing 18 warehouses and a team. His core expertise includes logistics optimization, SOP implementation, inventory planning, procurement, vendor management, project-based operations, hanging Scaffold operations, and cost control.

Prior to joining the company, he worked with Mainee Steel Works Private Limited, Youngman India Private Limited, Renovision Automation Services Private Limited, and Abbee Consumables & Peripherals Shopee Limited, where he consistently delivered operational excellence and process improvements.

Key Details of Appointment