Magson Retail And Distribution Limited Approves Re-appointment of Key Directors
Magson Retail And Distribution Limited has announced that its Board of Directors approved the re-appointment of two key executives, Mr. Rajesh Emmanuel Francis and Mr. Manish Shivnarayan Pancholi. These appointments are effective for a term of three consecutive years and remain subject to shareholder approval.The Board Meeting, held on April 22, 2026, addressed the matters, recommending the re-appointment of Mr. Rajesh Emmanuel Francis as Managing Director and Mr. Manish Shivnarayan Pancholi as Whole-Time Director.
Re-appointment of Managing Director
The Board approved the re-appointment of Mr. Rajesh Emmanuel Francis (DIN: 08299619) as the Managing Director, who is designated as both a Promoter and Executive. The term of appointment spans three consecutive years, effective from April 01, 2026, through March 31, 2029.According to the company records, Mr. Francis is one of the founding Promoters and first Director of the company. He possesses extensive industry experience spanning over 30 years and currently oversees the Business Development and Finance department.
| Particulars | Details |
|---|---|
| Appointee Name | Mr. Rajesh Emmanuel Francis (DIN: 08299619) |
| Designation | Managing Director (Promoter and Executive) |
| Term of Appointment | April 01, 2026, to March 31, 2029 |
| Relationship | Spouse of Mrs. Jennifer Rajesh Francis |
| Status | Not disqualified from holding office |
Re-appointment of Whole-Time Director
Additionally, the Board of Directors recommended the re-appointment of Mr. Manish Shivnarayan Pancholi (DIN: 08299620) as a Whole-Time Director, also serving as a Promoter and Executive. Like Mr. Francis, his term is for three consecutive years, effective from April 01, 2026, until March 31, 2029, and is pending shareholder approval.Mr. Pancholi is noted as one of the founding Promoters and first Director. He brings over 30 years of experience to the sector and currently manages the Business Development and Finance department of the company.
| Particulars | Details |
|---|---|
| Appointee Name | Mr. Manish Shivnarayan Pancholi (DIN: 08299620) |
| Designation | Whole-Time Director (Promoter and Executive) |
| Term of Appointment | April 01, 2026, to March 31, 2029 |
| Relationship | NA |
| Status | Not disqualified from holding office |
The company confirmed that both Mr. Francis and Mr. Pancholi have provided their consent to accept the respective roles. The Board announced that necessary steps will be taken to obtain the requisite shareholder approvals concerning these re-appointments at an Extra Ordinary General Meeting or via Postal Ballot.
MAGSON Stock Price Movement
Magson Retail And Distribution Limited shares today slipped by 3.49% to settle at ₹179.50. Trading activity was observed on a total volume of 2,000 shares during the session.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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