Shri Bajrang Alliance Ltd Announces Changes in Leadership and Partnership Disinvestment
Shri Bajrang Alliance Limited announced several key corporate decisions following its Board meeting held on June 24, 2026, including a change in leadership designation, an independent director tenure conclusion, and approval for the disinvestment of its partnership interest in Shri Bajrang Chemical Distillery LLP.During the board meeting, it was decided that Mr. Anand Goel, who serves as Managing Director of the Company, would be designated as Chairman and Managing Director with effect from June 24, 2026. This designation change occurred following the resignation of Mr. Narendra Goel from his post as Chairman of the Company. The company confirmed that this designation change did not alter the tenure, powers, duties, or remuneration associated with the role.
The meeting also addressed matters concerning the composition of the Board's independent directors. The Board took note that the tenure of Mr. Rakesh Kumar Mehra, an Independent Director, is set to expire on June 28, 2026, after which he will cease to be an Independent Director of the Company.
Furthermore, the board approved a proposal for the re-appointment of Mr. Anshul Dave as an Independent Director. This extension covers a second term of five consecutive years, scheduled to commence from August 13, 2026, subject to the subsequent approval by shareholders through a Special Resolution.
In addition to these governance updates, the Board approved the proposal for the disinvestment and withdrawal of Shri Bajrang Alliance Limited's entire remaining partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP). The company stated that upon completion of this proposed disinvestment, it will cease to be a partner of SBCD LLP.
The key personnel changes and updates arising from the board meeting are summarized below:
| Particular | Details |
|---|---|
| Designation Change | Mr. Anand Goel (Managing Director) designated as Chairman & Managing Director consequent upon the resignation of Mr. Narendra Goel. Effective date: June 24, 2026. |
| Independent Director Tenure | The tenure of Mr. Rakesh Kumar Mehra concludes on June 28, 2026. |
| Re-appointment Approved | Mr. Anshul Dave approved for a second term of five consecutive years, starting August 13, 2026, pending shareholder approval. |
| Partnership Status Change | The company approved the disinvestment of its entire remaining partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP). |
SHBAJRG Stock Price Movement
Shri Bajrang Alliance Limited rallies in live market as of 3:01 PM, trading up by 2.18% and reaching ₹195.98. The stock remains within a tight intraday range, having fluctuated between a low of ₹188.01 and a high of ₹198.95.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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