Uday Jewellery Industries Appoints New Board Members and Changes Key Management Designations
Uday Jewellery Industries Ltd has announced significant changes in its board and senior management structure. The company approved the appointment of three new directors and modified the designation of an existing director, effective April 22, 2026. These appointments are subject to the requisite approval of the shareholders.The Board of Directors formalized the appointment of Mr. Sanjay Kumar Sanghi as the Chairman and Managing Director (Corporate Affairs) for a period of five years, starting April 22, 2026. Mr. Sanjay Kumar Sanghi brings 36 years of expertise in corporate affairs, contributing strong knowledge of regulatory and business frameworks.
In a change concerning key operations, Mr. Ritesh Kumar Sanghi’s designation was revised from Managing Director to Joint Managing Director (Operations), also effective April 22, 2026. This change maintains existing terms and conditions, including remuneration.
The company also appointed two additional directors. Mrs. Bhavna Sanghi was appointed as an Additional Director and Whole Time Director, effective April 22, 2026, for five years, subject to shareholder approval. Mrs. Bhavna Sanghi is a commerce graduate with a degree in Bachelor of Management Studies (BMS) and strong expertise in organizational management and commercial operations.
Furthermore, Ms. Donthineni Srilekha was appointed as an Additional and Non-Executive Independent Director, also effective April 22, 2026, for a period of five years. Ms. Donthineni Srilekha is a qualified Company Secretary and practicing Advocate with expertise in corporate law and regulatory compliance.
Management and Board Appointments Summary
The following table outlines the key personnel changes:| Name | New/Revised Designation | Role/Status | Effective Date | Tenure (Years) |
|---|---|---|---|---|
| Mr. Sanjay Kumar Sanghi | Chairman and Managing Director (Corporate Affairs) | Director | April 22, 2026 | 5 |
| Mr. Ritesh Kumar Sanghi | Joint Managing Director (Operations) | Director | April 22, 2026 | N/A |
| Mrs. Bhavna Sanghi | Additional Director and Whole Time Director | Director | April 22, 2026 | 5 |
| Ms. Donthineni Srilekha | Additional and Non-Executive Independent Director | Director | April 22, 2026 | 5 |
The appointments and changes detailed above are effective from April 22, 2026. Shareholders' approval is required for the appointments of Mrs. Bhavna Sanghi and Ms. Donthineni Srilekha.
Stock Price Movement
At the close of trade today, Uday Jewellery Industries Ltd shares settled at ₹164.00, having gained 2.60% on the day. Throughout the session, the stock traded between a low of ₹159.90 and an intraday peak of ₹165.95.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.