Paradeep Parivahan Ltd Appoints Abdul Basith Shaikh as Additional Director
Paradeep Parivahan Ltd announced the appointment of Mr. Abdul Basith Shaikh as an Additional Director, effective April 13, 2026. The Board of Directors approved the move following a meeting held on this date, based on the recommendation of the Nomination and Remuneration Committee.The appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) is effective from April 13, 2026. The Board noted that he will continue to serve as an Additional Director until the upcoming Annual General Meeting. Furthermore, his position is slated to be regularized as a whole-time director, contingent upon the approval of the company's shareholders.
Director Profile and Experience
Mr. Abdul Basith Shaikh is characterized as a dynamic and accomplished business professional. He possesses a strong academic foundation, holding a B.Tech degree from the National Institute of Technology Karnataka and an MBA from Narsee Monjee Institute of Management Studies, Mumbai.His professional background includes over a decade of diverse industry experience, having been associated with prominent conglomerates such as JSW Group, Welspun Group, and Tata Steel. Prior to his appointment, Mr. Shaikh served as the Vice President of the Company, contributing significantly to the firm's strategic and operational objectives. The management recognized his ability to translate complex business challenges into actionable and scalable outcomes, recommending his appointment to the Board.
Director Relationship Details
The company also disclosed a relationship between the newly appointed director and the existing board members.| Director Name | DIN | Relationship to Mr. Abdul Basith Shaikh |
|---|---|---|
| Khalid Khan (Managing Director) | 06432054 | Relative (Daughter's husband) |
The appointment of Mr. Abdul Basith Shaikh as an Additional Director, effective April 13, 2026, was affirmed by the Board of Directors.
Stock Price Movement
Paradeep Parivahan Ltd. shares settled at ₹143.70 today, marking a sharp decline of 5.02% for the Monday session. Throughout the trading day, the stock’s movement was confined between a low of ₹141.60 and a high of ₹147.00.Source:
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