Ludlow Jute and Specialities Ltd Extends Managing Director Ashish Agrawal’s Tenure for Three Years
The Board of Directors of Ludlow Jute & Specialities Limited has approved the re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director for a further three consecutive years, effective from June 13, 2026, until June 12, 2029.The decision comes following a board meeting held on Saturday, June 13, 2026, and was based on the recommendation of the Nomination and Remuneration Committee. The re-appointment of Mr. Agrawal as Managing Director is subject to shareholder approval.
Mr. Agrawal holds extensive industry experience, possessing over 30 years across various leadership roles in manufacturing operations, quality management, financial control, project execution, and overall business management. He holds a B.Tech. degree in Chemical Engineering from Laxminarayan Institute of Technology and a Master's degree in Finance and Personnel Management from Dhanwate National College.
The following table details the professional background and re-appointment specifics for Mr. Agrawal:
| Particulars | Details |
|---|---|
| Name | Mr. Ashish Chandrakant Agrawal |
| Reason for change | Re-appointment as Managing Director |
| Term of reappointment | Three consecutive years, effective from June 13, 2026, to June 12, 2029 |
| Profile Highlights | Over 30 years of experience; prior roles included Processing Head, Quality Head, Cost Control & MIS Head, Project Head, and Business Head. |
Mr. Agrawal is currently serving as the Managing Director of the Company and provides strategic leadership for its operations and development. The company confirmed that he is not related to any other Directors of the Company.
Stock Price Movement
Shares of Ludlow Jute & Specialities Ltd settled at ₹320.95 on Friday, advancing 1.66%. The stock navigated within a considerable intraday range, trading between a low of ₹314.90 and a high of ₹321.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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