Relaxo Footwears announced significant leadership changes with the appointment of two Co-Chief Executive Officers, marking a strategic shift in the company's executive structure. The Board of Directors, in its meeting held on March 26, 2026, approved the re-designation of key executives to strengthen the leadership team under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Leadership Appointments

The company has re-designated two senior executives to Co-CEO positions effective April 1, 2026:

Terms and Conditions

Both executives will continue on their existing remuneration packages with no changes to their tenure or other terms and conditions. The appointments maintain the framework approved by shareholders at the Annual General Meeting held on August 24, 2023, for a three-year period from October 1, 2023, to September 30, 2026.

Executive Profiles

Mr. Gaurav Kumaar Dua brings over 25 years of experience in sales and marketing within the footwear industry. He holds an MBA from University of Wales and has been instrumental in various company initiatives focused on revenue growth, market expansion, and branding rejuvenation. As the son of Mr. Ramesh Kumar Dua, Managing Director of the company, he is part of the promoter group.

Mr. Ritesh Dua contributes over 26 years of experience across Finance, HR, IT, and Export functions. He completed his MBA from Fore School of Management, Delhi, and has played a key role in the company's export operations, information technology, human resources, and finance functions. He is the son of Mr. Mukand Lal Dua and brother of Mr. Nikhil Dua, both Whole Time Directors, and is also part of the promoter group.

Regulatory Compliance

The appointments comply with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Both executives are confirmed to be not debarred from holding their respective offices pursuant to any SEBI order, meeting the requirements under BSE and NSE circulars dated June 20, 2018. The regulatory filing was submitted to BSE (Scrip Code: 530517) and NSE (Symbol: RELAXO) as per standard disclosure requirements.

Relaxo Footwears has announced the immediate resignation of Chief Financial Officer Prince Jain from his position, effective from the closure of business hours on March 11, 2026. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

The resignation announcement provides comprehensive details about the leadership change:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about the resignation. Prince Jain served as both CFO and Key Managerial Personnel (KMP) of the company, making this a significant executive departure requiring immediate regulatory notification.

In his resignation letter, Prince Jain expressed gratitude for the company's support during his tenure and acknowledged the collaborative experience with colleagues and leadership. He extended wishes for Relaxo's continued success in the future.

Leadership Transition Impact

The immediate nature of the resignation means Relaxo Footwears will need to quickly address the CFO succession to ensure continuity in financial operations and reporting functions. The company's regulatory filing indicates the resignation has been accepted, with the departure formalized through proper documentation and statutory procedures.

The departure of a senior executive in the CFO role typically requires companies to implement interim arrangements while conducting the search for a permanent replacement to maintain operational stability.