Gratex Industries Board Approves Re-appointment of Managing Director for 3-Year Term
Gratex Industries Limited has approved the re-appointment of Mr. Karan Baldevkrishan Sharma as Managing Director for a three-year term from July 30, 2026, to July 29, 2029, subject to shareholder approval. The company's 41st Annual General Meeting is scheduled for September 16, 2025, via video conferencing. The Board has also approved the Annual Report for the financial year ended March 31, 2025. Mr. Sharma, part of the family leadership, brings extensive experience in manufacturing, general management, sales, and marketing to his role.
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Gratex Industries Limited has announced significant corporate developments, including the re-appointment of its Managing Director and the approval of its annual report for the fiscal year 2024-25.
Board Approves Re-appointment of Managing Director
The Board of Directors of Gratex Industries Limited, in a meeting held on August 8, 2025, approved the re-appointment of Mr. Karan Baldevkrishan Sharma as the Managing Director for another three-year term. The new term is set to commence from July 30, 2026, and will continue until July 29, 2029, subject to shareholder approval at the upcoming 41st Annual General Meeting (AGM).
Mr. Sharma, who has been a director of the company since September 27, 2000, brings a wealth of experience to his role. He holds a B.Com (Hons.) qualification and is recognized for his expertise in manufacturing, general management, sales, and marketing. As a second-generation entrepreneur, Mr. Sharma has significantly contributed to the company's growth.
Key Details of the Re-appointment
- Term: Three years (July 30, 2026 to July 29, 2029)
- Approval Process: Recommended by the Nomination and Remuneration Committee
- Remuneration: Approved and recommended by the Audit Committee
Corporate Governance Compliance
In compliance with regulatory requirements, Gratex Industries confirmed that Mr. Sharma is not debarred from accessing capital markets or holding directorship positions by any regulatory authority, including SEBI.
Annual General Meeting and Financial Reporting
The company also announced its 41st AGM, scheduled for September 16, 2025, at 1:00 P.M., to be held via video conferencing or other audio-visual means. Key dates related to the AGM include:
| Event | Date |
|---|---|
| Book Closure | September 10-16, 2025 (both days inclusive) |
| E-Voting Period | September 13, 2025 (9:00 AM) to September 15, 2025 (5:00 PM) |
| E-Voting Cut-off Date | September 9, 2025 |
Additionally, the Board approved the Annual Report for the financial year ended March 31, 2025, which will be made available to shareholders and on the company's website in due course.
Management Structure and Family Ties
Mr. Karan Baldevkrishan Sharma is part of the family leadership at Gratex Industries. He is the son of Director Mr. Baldevkrishan Ramrattan Sharma and the brother of Director-CFO Mrs. Mona Pratap Menon, highlighting the family's significant involvement in the company's management.
The re-appointment of Mr. Sharma and the approval of the annual report demonstrate Gratex Industries' commitment to continuity in leadership and transparent financial reporting as it moves forward in the 2025-26 fiscal year.
Historical Stock Returns for Gratex Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.13% | -7.02% | -7.34% | +12.36% | -19.49% | +99.25% |
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