MSAFE Equipments Limited has announced key leadership appointments through its Board of Directors meeting held on March 20, 2026. The company filed detailed regulatory disclosures under Regulation 30 of SEBI Listing Regulations, covering the appointment of Chief Executive Officer and Senior Management Personnel with immediate effect.

Chief Executive Officer Appointment

Based on the Nomination and Remuneration Committee's recommendation, the Board appointed Mr. Hitender as Chief Executive Officer with immediate effect from March 20, 2026. The appointment aligns with provisions of the Companies Act, 2013, and SEBI Listing Regulations.

Mr. Hitender brings over 20 years of extensive experience in the financial services sector, having held diverse leadership roles at HDFC Bank Ltd and CSB Bank Ltd. His professional expertise encompasses compliance and regulatory oversight, core business operations management, cross-functional team leadership, and strategic business expansion initiatives. He holds a Bachelor's degree in Engineering, complementing his analytical approach and structured leadership style.

Senior Management Personnel Addition

The Board approved the appointment of Mr. Rachit Jain as Business Head-Formwork, categorized as Senior Management Personnel, effective March 20, 2026. Mr. Jain possesses 19+ years of experience across India, Asia, and international markets in Architectural and Civil Projects.

His career includes key leadership roles as Formwork Head in VCL Group, General Manager at BSL Scaffolding & Formwork Ltd., and positions at Knest Manufacturers Pvt. Ltd., Doka Formwork, and Sammok S-Form India Pvt. Ltd. Mr. Jain has extensive experience in managing projects from consultancy and design to planning, execution, monitoring, and quality control across the entire project lifecycle.

Regulatory Compliance and Filing Details

The Board meeting was conducted in compliance with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and other applicable laws. The company filed the disclosure under reference number MSAFE/SE/2025-26/08 with BSE Limited.

The information has been made available on the company's website at www.msafegroup.com as per regulatory requirements. Both appointments were made based on recommendations from the Nomination and Remuneration Committee, ensuring adherence to corporate governance standards.