Board Meeting18 Apr 2026, 07:51 pm
Uday Jewellery Board to Consider Key Management Changes & Chennai Branch
AI Summary
Uday Jewellery Industries Ltd has scheduled a Board of Directors meeting on April 22, 2026. The agenda includes significant management changes: the appointment of Mr. Sanjay Kumar Sanghi as Chairman and Managing Director for 5 years, the change in designation of Mr. Ritesh Kumar Sanghi from Managing Director to Joint Managing Director (Operations), and the appointment of Mrs. Bhavna Sanghi as an Additional Director and Whole-Time Director for 5 years. Additionally, Ms. D. Srilekha is proposed to be appointed as an Additional Independent Director. The board will also consider seeking shareholder approval via postal ballot for these appointments and the opening of a new branch office in Chennai.
Key Highlights
- Board meeting on April 22, 2026, to discuss significant management restructuring.
- Mr. Sanjay Kumar Sanghi proposed as Chairman and Managing Director for 5 years.
- Mr. Ritesh Kumar Sanghi's designation to change to Joint Managing Director (Operations).
- Mrs. Bhavna Sanghi proposed as Whole-Time Director for 5 years.
- Company plans to open a new branch office in Chennai, Tamil Nadu.