Rishab Special Yarns Limited has announced the appointment of Mr. Ganesh Yadav (DIN: 10783218) as the Managing Director of the company, effective 30th April 2025. This decision was made during the Board of Directors' meeting held on the same day, where the Board approved his appointment, subject to shareholder approval at the upcoming General Meeting.

Key Highlights:

• Mr. Ganesh Yadav brings with him a wealth of experience in Accounts, Finance, Operations Management, Finance Control & Management, and Business Development. He holds a B.Com and an MBA in Finance, making him well-qualified to lead the company through its next phase of growth and expansion.

• The Board Resolution has formally approved his appointment for a term of 5 years, with the effective date being 30th April 2025. The terms of the agreement will be finalized following approval from the company's shareholders at the upcoming General Meeting.

• As per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has also complied with the disclosure requirements, including details of Mr. Yadav's qualifications, his role in the company, and any potential conflicts of interest. His shareholding in the company is currently NIL.

Appointment Process:

The Board meeting was held at the company’s registered office in Jaipur at 3:00 PM, and it concluded by 3:30 PM. The appointment of Mr. Ganesh Yadav as the Managing Director was discussed in detail, and the Board unanimously passed the resolution. The executive director, Mr. Dhananjay Ganesh Patil (DIN: 10233695), was authorized to carry out all necessary formalities, including filing with the Registrar of Companies and other regulatory bodies.

Compliance with SEBI Regulations:

In compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company has provided full disclosure regarding Mr. Yadav’s appointment, background, and relationship with other directors. The appointment is in line with Section 196 of the Companies Act, 2013, which governs the appointment of managerial personnel in India.

The company has also confirmed that Mr. Ganesh Yadav is not related to any other director of the company and holds no directorships in any other listed entities. Additionally, he is not debarred by SEBI or any other regulatory authority from holding the position of Managing Director.

This appointment marks an important step in Rishab Special Yarns Limited’s growth strategy. With Ganesh Yadav at the helm, the company aims to further strengthen its position in the yarn manufacturing industry.

For any further updates regarding the approval of this appointment, stakeholders and investors are encouraged to attend the General Meeting, where the final vote on his appointment will take place.

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