Savita Oil Technologies Ltd Appoints Ajay Reche as Additional Director; Sets Date for 65th Annual General Meeting
Savita Oil Technologies Ltd announced key corporate developments following its Board of Directors meeting held on June 1, 2026. The board approved the appointment of Mr. Ajay Reche as an Additional Director, categorized as a Whole-time Director.The appointment is effective from June 1, 2026, and is set to continue up to September 30, 2030. The appointment is contingent upon the approval of the Company's shareholders at the upcoming Annual General Meeting.
In addition to the director appointment, the board also confirmed the schedule for the Company's 65th Annual General Meeting (AGM). The AGM is slated to take place on Monday, August 31, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing or other Audio Visual Means.
Profile of New Director
The Company provided a detailed profile of Mr. Ajay Reche, who brings extensive experience in human resource management.| Particulars | Details |
|---|---|
| Education | B.Tech. in Agricultural Engineering and a post-graduate qualification in Personnel Management & Industrial Relations from the Tata Institute of Social Sciences. |
| Experience | Over 29 years of rich and diverse experience in Personnel Management, Industrial Relations, and Human Resource Development across plant locations and corporate offices. |
| Tenure with Company | Mr. Reche joined Savita Oil Technologies Ltd as Head - Human Resources in August 2019. |
| Relationship Disclosure | None. |
The board meeting regarding these outcomes commenced at 12:45 p.m. and concluded at 1:20 p.m.
SOTL Stock Price Movement
As of 1:46 PM, shares of Savita Oil Technologies Limited are slipping by 2.91% in live trading, currently valued at ₹423.1. The stock continues to see high interest, trading a volume of 65,117 shares today.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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