Cranex Limited has announced its intention to seek shareholder approval for the re-appointment of its Managing Director, Mr. Piyush Agrawal, and Whole-Time Director & CFO, Mr. Chaitanya Agrawal. The proposed re-appointments are for a term of five years, commencing from October 1, 2026, and will be presented at the upcoming 51st Annual General Meeting. These proposals aim to ensure continuity in leadership and leverage the extensive experience of these key personnel for the company’s strategic growth.
Key Management Re-appointments
Cranex Limited announced on September 2, 2026, its proposal to re-appoint two of its key managerial personnel. The resolutions for these re-appointments will be presented at the 51st Annual General Meeting.
Managing Director Re-appointment
The Board has recommended the re-appointment of Mr. Piyush Agrawal (DIN: 01761004) as Managing Director. His current term is set to expire on September 30, 2026. The proposed re-appointment is for a period of five years, effective from October 1, 2026, to September 30, 2031. This re-appointment is subject to the approval of the company’s members through a special resolution. The justification for re-appointing Mr. Agrawal, despite his age of 73 years, highlights his 21 years of association with the company, extensive experience in technical and managerial fields, and significant contributions to the company’s growth and strategic direction.
Whole-Time Director & CFO Re-appointment
Similarly, the Board has proposed the re-appointment of Mr. Chaitanya Agrawal (DIN: 05108809) as Whole-Time Director & CFO. His existing term expires on September 30, 2026. The proposed re-appointment is also for a period of five years, commencing from October 1, 2026, to September 30, 2031, pending member approval via special resolution. Mr. Agrawal has been associated with the company for approximately 16 years, bringing extensive experience in finance, financial management, and strategic decision-making, which the Board believes will provide valuable continuity and stability.
Source: BSE
