Alicon Castalloy Limited Appoints Ishaan Rai as Additional Director; Pamela Rai Steps Down
Alicon Castalloy Limited announced changes to its board composition following a board meeting held on April 17, 2026. The company appointed Mr. Ishaan Rai as an Additional Director and confirmed the resignation of Ms. Pamela Rai, Non-executive Non-Independent Director. Both changes are effective from May 12, 2026.Mr. Ishaan Rai, bearing DIN: 06802018, was appointed as the Additional Director. His appointment details, along with the resignation of Ms. Pamela Rai, were reported to the relevant exchanges.
Ms. Pamela Rai resigned from her position as a Non-executive Non-Independent Director due to other commitments.
Director Profile and Relationships
Details regarding the incoming and outgoing directors, including their relationships and shareholding, were noted:| Director Action | Individual | Status | Effective Date | Key Details |
|---|---|---|---|---|
| Appointment | Mr. Ishaan Rai | Additional Director | May 12, 2026 | Son of Mr. S. Rai, Managing Director, and Ms. Pamela Rai, Director. Holds 12 shares. |
| Resignation | Ms. Pamela Rai | Director | May 12, 2026 | Resigned due to other commitments. |
Profile of Mr. Ishaan Rai
Mr. Ishaan Rai possesses a professional background beginning with a B.Sc. (Hons.) in Anthropology from University College London, followed by an LL.B. from ILS Law College, Pune. He started his career as a lawyer at AZB & Partners, where his engagement included advising on merger and acquisition, private equity, and corporate financing transactions.His experience spans structuring multiple M&A transactions in the infrastructure sector, handling FDI deals in the retail sector, providing advisory on SEBI regulatory matters, and setting up an Alternate Investment Fund. He later transitioned to the media and entertainment sector, gaining experience across creative, strategy, and production management functions.
ALICON Stock Price Movement
Today, Alicon Castalloy Limited shares slipped to settle at ₹679.2, marking a 0.23% dip for the session. The equity saw a notable volume with 23,274 shares transacting today.Source:
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