Walchandnagar Industries Relocates Registered Office to Pune, Re-appoints MD & CEO
Walchandnagar Industries Limited's board meeting on January 29, 2026, resulted in two key decisions: relocating the registered office from Mumbai to Pune and re-appointing Mr. Chirag C. Doshi as Managing Director & CEO for three years until March 31, 2029. The office relocation involves moving to Siddharth Towers in Kothrud, Pune, with necessary MoA amendments. Mr. Doshi, who has been with the company since 1997, will continue leading transformation efforts focused on profitability and debt reduction, subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Walchandnagar industries Limited announced major corporate decisions following its Board of Directors meeting held on January 29, 2026. The board approved two significant resolutions under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking important strategic moves for the company.
Registered Office Relocation
The board has approved relocating the company's registered office from its current Mumbai location to Pune. The move involves shifting from Flat No. 3, Walchand Terraces, Tardeo Road, Mumbai - 400 034 to Siddharth Towers, Building No.1, 9th Floor, S.No. 12/3-B, G. A. Kulkarni Path, Kothrud, Pune - 411 038.
| Parameter: | Details |
|---|---|
| Current Location: | Flat No. 3, Walchand Terraces, Tardeo Road, Mumbai - 400 034 |
| New Location: | Siddharth Towers, Building No.1, 9th Floor, S.No. 12/3-B, G. A. Kulkarni Path, Kothrud, Pune - 411 038 |
| Additional Changes: | Amendment in Memorandum of Association (MoA) |
| Regulatory Compliance: | Section 12 of Companies Act, 2013 with Rules 25 and 27 |
This relocation also includes necessary amendments to the company's Memorandum of Association. The change complies with Section 12 of the Companies Act, 2013, read with Rules 25 and 27 of the Companies (Incorporation) Rules, 2014, which permits companies to change their registered office location subject to statutory requirements.
Leadership Continuity
The board re-appointed Mr. Chirag C. Doshi as Managing Director & CEO for an extended term. This decision was made based on the recommendation of the Nomination and Remuneration Committee.
| Position Details: | Information |
|---|---|
| Name: | Mr. Chirag C. Doshi |
| DIN: | 00181291 |
| Position: | Managing Director & CEO |
| Term Duration: | Three years |
| Term End Date: | March 31, 2029 |
| Retirement Clause: | Not liable to retire by rotation |
| Approval Required: | Subject to shareholder approval |
Executive Profile and Experience
Mr. Chirag C. Doshi brings extensive experience to his continued leadership role, having worked with the company since 1997 in various capacities. His tenure has been marked by significant contributions to daily operations and strategic transformation initiatives. The company highlighted his role in the management's efforts to restore profitability and achieve long-term debt-free status.
The disclosure also revealed family relationships within the leadership structure. Mr. Chakor L. Doshi, who serves as Chairman, is the father of Managing Director & CEO Mr. Chirag C. Doshi. No other directorial relationships exist within the current board composition.
Regulatory Compliance
Both decisions align with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made pursuant to Regulation 30, read with Schedule III of the regulations and Circular No. /CFD/PoD2/CIR/P/0155 dated November 11, 2024. The re-appointment of the Managing Director & CEO requires shareholder approval as per corporate governance norms.
Historical Stock Returns for Walchandnagar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.79% | +12.17% | -9.14% | -13.14% | -20.21% | +177.96% |
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