Rushil Decor Limited (BSE: 533470. NSE: RUSHIL) has announced the promotion of Mr. Rushil K. Thakkar as the Managing Director (MD) of the company.
Mr. Rushil Thakkar has been elevated as Managing Director - Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company ("the Board"), at its Meeting held on Friday, September 20, 2024, approved the promotion of Mr. Rushil K. Thakkar (DIN: 06432117) as Managing Director of the Company for the remaining period of his tenure, subject to approval by the Members of the Company.
Mr. Rushil K. Thakkar holds a Bachelor of Commerce degree from Gujarat University and has been actively involved in the Company management for over 11 years. Mr. Rushil Thakkar is a young and dynamic leader and has played a key role in driving several major projects, including the successful implementation of the Andhra Pradesh Thin & Thick MDF project and the establishment of the Jumbo size laminated sheet project in Gujarat.
He has a deep understanding of the Laminate, MDF board and Laminated flooring industries, which has been pivotal in improving the company's operational capabilities and expanding its product offerings. In addition, he has also played a crucial role in overseeing logistics, warehousing and export operations, further strengthening the company's global reach.
The Chairman of the Company Mr. Krupesh G. Thakkar said that: "I am pleased to announce the elevation of Mr. Rushil Thakkar as the Managing Director of the Company. Over the past 11 years, Rushil has made significant contributions to our key projects, including the establishment of new production capabilities and the expansion of our product lines. His dynamic leadership and dedication have been crucial in driving the company's growth and keeping us competitive in the market. With his extensive industry knowledge and strong commitment to operational excellence, I am convinced that he will lead the company towards continued growth and success. I look forward to working closely with him and the rest of the team as we continue to create value for all our stakeholders and take the company to even greater heights."
Appointment of Mr. Hiren S. Mahadevia as an Independent Director - We hereby inform you that the Shareholders at their 30th Annual General Meeting of the Company held on Friday, 20th September, 2024, has approved the appointment of Mr. Hiren S. Mahadevia (DIN: 00156429) as an Independent Director of the Company for a term of one year with effect from 09th August, 2024.
Mr. Hiren S. Mahadevia is an experienced finance and legal professional with over 35 years of expertise, specializing in strategic financial management, corporate planning and compliance management. As the former Group CFO and Company Secretary of Ashima Group, he played a pivotal role in managing financial, legal and ERP implementation activities. He has a strong background in textiles and real estate, with notable achievements in restructuring, foreign collaborations and managing high-level financial operations. He holds a degree of MBA in Finance, LLB and is a qualified Company Secretary. |
