Siyaram Recycling Industries Approves Reappointment of Managing Director and Whole Time Director
Siyaram Recycling Industries Ltd has approved the re-appointment of two key directors, Mr. Bhavesh Ramgopal Maheshwari and Mr. Ramgopal Ochhavlal Maheshwari, following the conclusion of their respective existing tenures. Both appointments span a five-year term, effective from August 24, 2026.The Board of Directors approved the re-appointment of Mr. Bhavesh Ramgopal Maheshwari as Managing Director. His current term was set to expire on August 24, 2026. Based on the recommendation of the Nomination and Remuneration Committee, the company approved his continuation for a period of five years, up until August 23, 2031. He is liable to retire by rotation.
The re-appointment of Mr. Bhavesh Ramgopal Maheshwari is detailed below:
| Aspect | Details |
|---|---|
| Name | Mr. Bhavesh Ramgopal Maheshwari |
| Term of Re-appointment | August 24, 2026, to August 23, 2031 |
| Role | Managing Director |
| Liability | Liable to retire by rotation |
| Professional Profile | Aged about 33 years, he has experience in the recycling of nonferrous material and allied products, having performed duties including budget guidelines and business plan execution. |
| Relationship | He is the son of Mr. Ramgopal Maheshwari and Mrs. Madhu Ramgopal Maheshwari. |
In addition, Mr. Ramgopal Ochhavlal Maheshwari was re-appointed as Whole Time Director. His previous tenure as a Whole Time Director also ended on August 24, 2026. The Board, following a recommendation from the Nomination and Remuneration Committee, approved his re-appointment for five years, effective from August 24, 2026, through August 23, 2031. Unlike the Managing Director, this position is not liable to retire by rotation.
The details of Mr. Ramgopal Ochhavlal Maheshwari's re-appointment are summarized in the table below:
| Aspect | Details |
|---|---|
| Name | Mr. Ramgopal Ochhavlal Maheshwari |
| Term of Re-appointment | August 24, 2026, to August 23, 2031 |
| Role | Whole Time Director |
| Liability | Not liable to retire by rotation |
| Professional Profile | Aged about 63 years, he is a results-oriented professional with experience in Designing, Production, Marketing, and Technical aspects of the company's products. |
| Relationship | He is the husband of Mrs. Madhu Ramgopal Maheshwari and the father of Mr. Bhavesh Ramgopal Maheshwari. |
Stock Price Movement
As of 12:20, Siyaram Recycling Industries Ltd. shares are ticking down slightly at ₹36.30, after declining by 0.55% in trading. The stock saw movement throughout the day within a range stretching from an intraday low of ₹36.29 to a high of ₹37.48.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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