Relaxo Footwears announced that its Board of Directors has approved the re-designation of two key executives to joint leadership roles. Mr. Gaurav Kumaar Dua and Mr. Ritesh Dua will both assume the title of Co-Chief Executive Officer, effective April 1, 2026. Both appointments maintain existing remuneration structures and tenure conditions previously approved by shareholders, signaling a strategic move to share executive responsibilities.
Relaxo Announces Joint Executive Leadership Structure
Relaxo Footwears Limited has officially notified the stock exchanges regarding significant changes in its senior management structure. The Board of Directors, in its meeting held on March 26, 2026, approved the re-designation of two senior leaders to serve concurrently as Co-Chief Executive Officers (Co-CEOs).
Key Re-designations and Effective Dates
The leadership transition is set to take effect from April 1, 2026, with both executives continuing on their existing remuneration packages, tenure, and terms of appointment:
- Mr. Gaurav Kumaar Dua: Re-designated from Whole-time Director (WTD) to Co-Chief Executive Officer & Whole-time Director (Co-CEO & WTD). His current appointment term runs until September 30, 2026.
- Mr. Ritesh Dua: Re-designated from Executive Vice President (Finance) to Co-Chief Executive Officer (Co-CEO). His current tenure also extends until September 30, 2026.
Executive Profiles and Promoter Links
Both individuals bring extensive experience to their expanded roles:
Mr. Gaurav Kumaar Dua
Mr. Dua possesses over 25 years of experience in sales and marketing within the footwear industry. He holds an MBA from the University of Wales and has been central to the Company’s initiatives in revenue growth and brand rejuvenation. Disclosure notes indicate that he is the son of Mr. Ramesh Kumar Dua, the Managing Director, and is part of the promoter group.
Mr. Ritesh Dua
Mr. Ritesh Dua brings over 26 years of experience across Finance, HR, IT, and Export. He holds an MBA from the Fore School of Management, Delhi. He has been instrumental in driving the Company’s export strategy and managing key corporate functions. Mr. Ritesh Dua is related to the promoter group as the son of Mr. Mukand Lal Dua & brother of Mr. Nikhil Dua, both Whole Time Directors.
The company confirmed that neither appointee is currently debarred by any SEBI order from holding their respective directorial or executive positions.
Source: BSE
