Munjal Showa receives MCA approval for Hitoshi Fukagawa as Joint MD

1 min read Updated on 15 Jul 2026, 12:25 PM

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Jubin VScanX News Team

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Munjal Showa Limited announced that the Ministry of Corporate Affairs has approved the appointment of Mr. Hitoshi Fukagawa as Joint Managing Director for a five-year term from May 29, 2024 to May 28, 2029. The approval follows a condonation of delay granted by the Registrar of Companies, Haryana in May 2026. The appointment is effective under Section 196 of the Companies Act, 2013.

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Munjal Showa has received approval from the Ministry of Corporate Affairs for the appointment of Mr. Hitoshi Fukagawa as Joint Managing Director. The approval, conveyed via a letter dated July 14, 2026, sanctions the appointment for a period of five years effective from May 29, 2024 to May 28, 2029. This development concludes the proceedings regarding the appointment, which had previously encountered delays requiring condonation from the Registrar of Companies, Haryana.

The approval was granted under Section 196 read with Clause (e) of Part I of Schedule V of the Companies Act, 2013. The Company's original application had faced a delay, which was subsequently condoned by the Registrar of Companies, Haryana through an adjudication order dated May 21, 2026. Following this, the MCA issued the final approval vide letter No. SRN AB0120636/2024-CL-VII.

Appointment Details

The regulatory disclosure provides specific details regarding the tenure and designation of the newly appointed executive.

Particulars	Details
Name	Mr. Hitoshi Fukagawa
Designation	Joint Managing Director
DIN	10611378
Tenure	5 years
Effective Date	May 29, 2024
End Date	May 28, 2029
Regulatory Approval	Ministry of Corporate Affairs

The intimation was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Company Secretary & Compliance Officer, Ravinder Sharma, confirmed the receipt of the approval and the conclusion of the matter.

Historical Stock Returns for Munjal Showa

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.17%	+4.34%	+5.46%	+13.27%	-10.91%	-9.65%

What strategic shifts or operational changes does Mr. Fukagawa plan to implement during his five-year tenure?

How will this leadership transition impact Munjal Showa's joint venture dynamics and relationship with Showa Corporation?

What are the projected growth targets for the company under the new Joint Managing Director's leadership?

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Munjal Showa Ltd discloses non-encumbrance of shares for FY26

1 min read Updated on 20 Jun 2026, 08:31 AM

Reviewed by

Shriram SScanX News Team

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Astemo Ltd and Dayanand Munjal Investments Private Limited have disclosed their respective shareholdings in Munjal Showa Limited for the financial year ended March 31, 2026. Astemo Ltd holds 99,60,027 equity shares, while Dayanand Munjal Investments Private Limited holds 1,60,39,973 equity shares. Both entities confirmed that no encumbrance was created on these shares during the financial year.

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Astemo Ltd (formerly Hitachi Astemo Ltd.) and Dayanand Munjal Investments Private Limited have disclosed their shareholding details in Munjal Showa Limited for the financial year ended March 31, 2026. Both entities confirmed that no encumbrance was created on the shares held by them during this period, complying with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Astemo Ltd, represented by Akari Kitazawa, Senior Manager of the Treasury Dept., stated in a filing dated April 01, 2026, that it holds 99,60,027 equity shares in Munjal Showa Limited . The company explicitly declared that it did not create any encumbrance on these shares, directly or indirectly, during the financial year. The disclosure was addressed to the Listing Departments of The BSE Limited and The National Stock Exchange Limited.

Separately, Dayanand Munjal Investments Private Limited confirmed its holding of 1,60,39,973 equity shares. This declaration, also dated April 01, 2026, was signed by Yogesh Chander Munjal, Director. The entity similarly affirmed the absence of any encumbrance on its shares throughout FY26.