Relaxo Footwears Appoints Co-Chief Executive Officers
Relaxo Footwears Ltd. announced changes in executive leadership on March 26, 2026. The company's Board of Directors approved the re-designation of two individuals to Co-Chief Executive Officer roles, effective April 1, 2026.Gaurav Kumaar Dua, previously a Whole Time Director, has been re-designated as Co-Chief Executive Officer & Whole-time Director. Ritesh Dua, formerly Executive Vice President (Finance), has also been appointed as Co-Chief Executive Officer. Both executives will continue to receive existing remuneration and their tenures remain unchanged, reflecting approvals from the company's Annual General Meeting held on August 24, 2023, for a period of three years from October 1, 2023 to September 30, 2026.
According to company information, Gaurav Kumaar Dua brings over 25 years of experience in sales and marketing within the footwear industry, holding an MBA from the University of Wales. Ritesh Dua has more than 26 years of experience in finance, human resources, information technology, and exports, and holds an MBA from Fore School of Management, Delhi.
The Board meeting commenced at 12:30 hrs. (IST) and concluded at 16:05 hrs. (IST).
| S.N. | Details of Events that need to be provided | Information for such events | |
|---|---|---|---|
| 1 | Name | Mr. Gaurav Kumaar Dua | Mr. Ritesh Dua |
| 5 | Disclosure of relationships between Directors (in case of appointment of a director) | Mr. Gaurav Kumaar Dua is son of Mr. Ramesh Kumar Dua, Managing Director of the Company and is also part of promoter group. | Mr. Ritesh Dua is son of Mr. Mukand Lal Dua & brother of Mr. Nikhil Dua, Whole Time Directors of the Company and is also part of promoter group. |
| 6 | Information as required under BSE Circular LIST/COMP/14/2018- 19 and NSE Circular NSE/CML/ 2018/24, both dated June 20, 2018 | Mr. Gaurav Kumaar Dua is not debarred from holding the office of Co-CEO & Director pursuant to any SEBI order. | Mr. Ritesh Dua is not debarred from holding the office of Co-CEO pursuant to any SEBI order. |
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