Relaxo Footwears Limited announced the board’s approval to appoint two new Co-Chief Executive Officers, effective April 1, 2026. Mr. Gaurav Kumaar Dua moves from Whole Time Director to Co-CEO & WTD, and Mr. Ritesh Dua moves from EVP (Finance) to Co-CEO. Both appointments maintain existing remuneration and tenure conditions previously approved by shareholders in August 2023.
Executive Restructuring for Enhanced Leadership
The Board of Directors of Relaxo Footwears Limited, following its meeting on March 26, 2026, approved significant leadership changes by designating two executives as Co-Chief Executive Officers (Co-CEOs). These changes are slated to take effect from April 1, 2026.
Key Appointments and Roles
The following re-designations were formalized:
- Mr. Gaurav Kumaar Dua, currently a Whole-Time Director (WTD), has been re-designated as Co-Chief Executive Officer & Whole-time Director (Co-CEO & WTD). His tenure and remuneration remain unchanged from the agreement approved on August 24, 2023, running until September 30, 2026.
- Mr. Ritesh Dua, Executive Vice President (Finance), has been re-designated as Co-Chief Executive Officer (Co-CEO), effective the same date. His terms of appointment also remain consistent with the prior shareholder approval.
Professional Backgrounds
Both appointed executives bring substantial experience:
Mr. Gaurav Kumaar Dua possesses over 25 years of experience primarily in Sales and marketing within the footwear sector. He holds an MBA from the University of Wales and has been central to key initiatives driving company revenue, growth, and branding rejuvenation.
Mr. Ritesh Dua brings over 26 years of experience across Finance, HR, IT, and Export functions. He holds an MBA from the Fore School of Management and has played a crucial role in leading the company’s Export, IT, HR, and Finance departments.
Promoter Group Association
The announcement confirms the existing relationship disclosures for both individuals:
- Mr. Gaurav Kumaar Dua is the son of Mr. Ramesh Kumar Dua, the Managing Director, and is part of the promoter group.
- Mr. Ritesh Dua is the son of Mr. Mukand Lal Dua and the brother of Mr. Nikhil Dua (Whole Time Director), and is also associated with the promoter group.
It was further confirmed that neither individual is currently debarred from holding office pursuant to any SEBI order.
Source: BSE
