Padmanabh Industries Appoints Akash Parmar as Managing Director in Board Meeting
Padmanabh Industries Limited conducted a board meeting on February 27, 2026, resulting in the appointment of Akash Parmar as Managing Director for five consecutive years, replacing Dhairyaa Bharatbhai Shah who resigned to pursue other professional opportunities. The appointment is subject to regulatory and shareholder approvals.
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Padmanabh Industries Limited has announced a significant leadership transition following its Board meeting held on February 27, 2026. The company has appointed a new Managing Director while accepting the resignation of its current leadership, marking an important strategic change in the organization's management structure.
Board Meeting Outcome
The Board of Directors conducted their meeting on Friday, February 27, 2026, from 6:00 PM to 6:30 PM, addressing key leadership changes. The meeting was formally communicated to BSE Limited under Scrip Code 526905, ensuring full regulatory compliance.
| Meeting Details: | Information |
|---|---|
| Date: | February 27, 2026 |
| Duration: | 6:00 PM to 6:30 PM |
| Key Agenda: | Managing Director appointment and resignation |
| Regulatory Filing: | BSE notification under Regulation 30 |
New Managing Director Appointment
Based on the recommendation of the Nomination and Remuneration Committee, the Board has appointed Mr. Akash Parmar as Managing Director of the company. The appointment is subject to regulatory and shareholder approvals.
| Parameter: | Details |
|---|---|
| Name: | Mr. Akash Parmar |
| DIN: | 11570362 |
| Effective Date: | February 27, 2026 |
| Term Duration: | Five consecutive years (until February 26, 2031) |
| Qualification: | Master of Engineering degree from New Zealand |
| Experience: | Over three years in business development and team leadership |
| Current Shareholding: | NIL |
| Other Directorships: | None in listed or unlisted entities |
Mr. Parmar has been confirmed as not debarred from holding the office of director by any SEBI order or regulatory authority, as required under BSE Circular No. LIST/COMP/14/2018-19.
Outgoing Managing Director
Mr. Dhairyaa Bharatbhai Shah has resigned from his position as Managing Director, effective from the close of business hours on February 27, 2026. His resignation letter confirms no material reasons other than pursuing professional opportunities.
| Parameter: | Details |
|---|---|
| Name: | Mr. Dhairyaa Bharatbhai Shah |
| DIN: | 11196986 |
| Resignation Date: | February 27, 2026 |
| Reason: | Pursuing other professional opportunities |
| Directorships in Listed Entities: | NIL |
In his formal resignation letter, Mr. Shah expressed gratitude for the opportunities provided during his tenure and confirmed his commitment to ensuring a smooth transition. He stated his willingness to assist with the recruitment of his successor if required.
Regulatory Compliance
The company has provided comprehensive disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment requires approval from regulatory authorities and shareholders at the General Meeting. The notification was signed by Manali Rajeshbhai Patel, Director (DIN: 11196600), ensuring proper authorization and compliance with all statutory requirements.
Historical Stock Returns for Padmanabh Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.46% | -1.76% | +54.72% | +31.58% | +16.42% | +90.38% |
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