Shanti Gold Re-appoints Pankajkumar Jagawat & Manojkumar Jain as Directors for 5 Years
Shanti Gold International Limited's board has re-appointed Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-time Director. Both appointments are for 5 years, effective September 1, 2026, to August 31, 2031. Shareholder approval is required via postal ballot. Remuneration increases are effective February 1, 2026.
The re-appointment of the Managing Director and Whole-time Director for a significant tenure of 5 years, along with an increase in remuneration, shows continuity in leadership. This is a material event for the company's governance and strategic direction, hence a medium impact.
The re-appointment of key management personnel for extended terms indicates stability and confidence in their leadership, which is generally viewed positively by the market.
Shanti Gold International Limited announced the outcome of its Board Meeting held on Thursday, March 19, 2026. The Board, based on the recommendation of the Nomination and Remuneration Committee, has approved the re-appointment of Mr. Pankajkumar Jagawat (DIN: 01843846) as Managing Director for a period of 5 years, effective from September 01, 2026, to August 31, 2031.
Additionally, the Board has approved the re-appointment of Mr. Manojkumar Jain (DIN: 01817027) as Whole-time Director for a similar 5-year term, also effective from September 01, 2026, to August 31, 2031. Both re-appointments are subject to the approval of the shareholders through Postal Ballot. The remuneration for both directors is also set to increase effective February 01, 2026, pending shareholder approval.
Mr. Pankajkumar Jagawat, aged 52, brings over 25 years of experience in the jewellery manufacturing and trading industry, overseeing factory operations and financial activities. Mr. Manojkumar Jain, aged 50, has over 20 years of experience in the jewellery manufacturing sector, with expertise in product development, sourcing, and operations management. Neither director is related to any other Directors or Key Managerial Personnel of the Company and neither is debarred from holding the office of Director.
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Shanti Gold International 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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