Uday Jewellery Industries Ltd. Board to Approve Key Leadership Changes and Chennai Expansion
Uday Jewellery Industries Ltd. announced that its Board of Directors meeting is scheduled for Wednesday, April 22, 2026. The meeting will take place at the company’s registered office in Hyderabad, Telangana, and the agenda is set to address major appointments, organizational restructuring, and the proposal for expanding the company's operations into Chennai.The Board meeting will begin with routine approvals, including the noting and approval of minutes from the previous Board Meeting held on March 5, 2026, and the minutes of the Nomination & Remuneration Committee meeting.
Executive and Directorship Appointments
Several significant appointments were slated for approval at the meeting, effective from April 23, 2026.In a key leadership move, the Board is expected to approve the appointment of Mr. Sanjay Kumar Sanghi (DIN: 00629693). He is proposed to serve as the Chairman and Managing Director (Corporate Affairs) for a period of five years, subject to shareholder approval.
The company's organizational structure is also undergoing a revision with the approval of Mr. Ritesh Kumar Sanghi (DIN: 00628033). His designation is to change from Managing Director to Joint Managing Director (Operations), effective April 23, 2026, without any alteration to his current terms and conditions.
New additions to the board include:
| Role | Name | Period | Status |
|---|---|---|---|
| Additional Director | Mrs. Bhavna Sanghi | N/A | To be considered and approved |
| Whole-Time Director | Mrs. Bhavna Sanghi | 5 years | Subject to shareholder approval |
| Additional Independent Director | Ms. D. Srilekha | 5 years | Subject to shareholder approval |
Strategic and Operational Matters
The agenda also included strategies related to shareholder consensus and business expansion.The company plans to consider and approve a proposal to seek member approval for these changes through a Postal Ballot process via remote e-voting. To facilitate this, the Board is set to approve the appointment of a Scrutinizer and the use of Central Depository Services (India) Limited to manage the remote e-voting facility.
Furthermore, the meeting is scheduled to consider the opening of a new Branch Office for the company. The proposed location for expansion is 9th Floor, 39 Shop No.5, Prashanth Real Gold Tower, North Usman Road, T Nagar, Chennai, Tamil Nadu 600017.
Stock Price Movement
Uday Jewellery Industries Ltd shares settled at ₹152.70 on Friday, concluding the session with a solid gain of 8.22%. The stock traded during the day, testing lows at ₹141.35 before peaking at ₹158.90.Source:
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