Le Merite Exports Re-appoints 5 Directors, Including MD & CFO, for 5-Year Terms
Le Merite Exports re-appointed Mr. Abhishek Lath as MD & CFO and Mr. Umashankar Lath as MD & Chairman for 5-year terms from Oct 31, 2026. Mrs. Sweta Lath was re-appointed as Executive Director. Mr. Jaydeep Mehta and Mr. Narendra Srivastava were re-appointed as Independent Directors from Dec 17, 2026. Mr. Narendra Sharma appointed Internal Auditor for FY27.
The re-appointment of multiple directors, including MD and CFO, for long terms suggests continuity in strategy and operations, which can positively impact investor confidence and business stability.
The re-appointment of key management and directors for extended terms indicates stability and confidence in leadership.
Le Merite Exports Limited announced the outcome of its Board Meeting held on September 08, 2026, where several key re-appointments and an internal auditor appointment were approved.
Mr. Abhishek Lath has been re-appointed as Managing Director and Chief Financial Officer (CFO) for a term of five years, from October 31, 2026, to October 30, 2031. This re-appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Mr. Lath is affirmed not to be debarred from holding a director's office by any SEBI order.
Similarly, Mr. Umashankar Lath has been re-appointed as Managing Director and Chairman for a five-year term, also commencing October 31, 2026, and ending October 30, 2031, pending member approval at the ensuing AGM. He too is confirmed not to be under any SEBI-imposed debarment.
Mrs. Sweta Lath has been re-appointed as an Executive Director for a five-year term, from October 31, 2026, to October 30, 2031, also requiring shareholder approval at the AGM. She is also confirmed to be free of any SEBI debarment.
Furthermore, Mr. Jaydeep Purujit Mehta has been recommended for re-appointment as a Non-Executive Independent Director for a second term of five consecutive years, from December 17, 2026, to December 16, 2031. This re-appointment is subject to a Special Resolution by shareholders at the upcoming AGM. He is also confirmed not to be debarred by any SEBI order.
Mr. Narendra Kumar Srivastava has also been recommended for re-appointment as a Non-Executive Independent Director for a second term of five years, from December 17, 2026, to December 16, 2031, contingent upon shareholder approval via a Special Resolution at the AGM. He is also confirmed to be free of any SEBI debarment.
In addition, the Board approved the appointment of Mr. Narendra Kumar Sharma, Accounts Manager, as the Internal Auditor for the financial year 2026-27. The Board also approved the notice for the 23rd Annual General Meeting and the Directors' Report for the year ended March 31, 2026. Mr. Sunnykumar Narwani has been appointed as the Scrutinizer for the e-voting process for the 23rd AGM.
The Board Meeting commenced at 04:00 p.m. and concluded at 05:00 p.m.
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Le Merite Exports Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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