Rajoo Engineers seeks shareholder nod for re-appointment of key managerial personnel
Rajoo Engineers is seeking shareholder approval for the re-appointment of Chairman & Executive Director Mr. Rajesh N. Doshi, Managing Director Ms. Khushboo C. Doshi, and Joint Managing Director Mr. Utsav K. Doshi. All re-appointments are for five-year terms starting June 1, 2026. E-voting will take place from April 30 to May 29, 2026.
The re-appointment of key managerial personnel for extended terms is significant for the company's future strategy and leadership stability, thus having a medium-term impact on operations and governance.
The announcement pertains to routine corporate governance, specifically the re-appointment of key managerial personnel, which is a standard procedure and does not inherently indicate positive or negative performance.
Rajoo Engineers Limited has announced the initiation of a postal ballot process to seek approval from its members for the re-appointment of three key managerial personnel. The proposed re-appointments include Mr. Rajesh N. Doshi as Chairman & Executive Director, Ms. Khushboo C. Doshi as Managing Director, and Mr. Utsav K. Doshi as Joint Managing Director. All three are proposed to be re-appointed for a period of five years, effective from June 1, 2026, upon the expiry of their current terms.
The company has engaged NSDL for facilitating remote e-voting, which will commence on April 30, 2026, at 09:00 a.m. (IST) and conclude on May 29, 2026, at 05:00 p.m. (IST). Shareholders of record as of April 24, 2026, are eligible to participate in this e-voting process. Hard copies of the postal ballot notice and forms will not be dispatched, with voting restricted to the electronic mode only.
Mr. Rajesh N. Doshi's re-appointment as Chairman & Executive Director is for a five-year term from June 1, 2026, to May 31, 2031. His remuneration, along with perquisites and allowances, shall not exceed ₹3.60 Crore per annum, subject to overall limits approved by the members. Ms. Khushboo C. Doshi's re-appointment as Managing Director is for a similar five-year term from June 1, 2026, to May 31, 2031, with a remuneration package not exceeding ₹2.40 Crore per annum. Mr. Utsav K. Doshi's re-appointment as Joint Managing Director also spans five years from June 1, 2026, to May 31, 2031, with remuneration terms to be detailed. The remuneration for all three is subject to the overall limit of 21% of the company's net profits, as previously approved by shareholders.
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Rajoo Engineers Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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