Relaxo Footwears Limited announced a significant leadership restructuring approved by the Board of Directors on March 26, 2026. Mr. Gaurav Kumaar Dua and Mr. Ritesh Dua have both been re-designated as Co-Chief Executive Officers, effective April 1, 2026. Both appointments maintain existing remuneration and tenure terms previously approved by shareholders. The move formalizes the leadership structure involving key promoter family members.
Management Restructuring: Co-CEO Appointments
At a meeting held on March 26, 2026, the Board of Directors of Relaxo Footwears Limited approved a strategic change in the designation of two key executives, effective April 1, 2026.
The key appointments approved are:
- Mr. Gaurav Kumaar Dua: Re-designated from Whole-time Director (WTD) to Co-Chief Executive Officer & Whole-time Director (Co- CEO & WTD). His existing tenure, approved until September 30, 2026, remains unchanged.
- Mr. Ritesh Dua: Re-designated from Executive Vice President (Finance) to Co-Chief Executive Officer (Co-CEO). His appointment tenure also remains valid until September 30, 2026.
Crucially, both appointments will be made on their existing remuneration, with no alteration to their current terms and conditions.
Executive Profiles and Promoter Linkages
The announcement detailed the extensive experience of both appointees and their connection to the promoter group:
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 instrumental in driving the Company’s revenue growth and brand rejuvenation initiatives. 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 has over 26 years of experience across Finance, HR, IT, and Export. He holds an MBA from the Fore School of Management, Delhi. He has played a key role in leading the Company’s Export, IT, HR, and Finance functions. Mr. Ritesh Dua is the son of Mr. Mukand Lal Dua and the brother of Mr. Nikhil Dua (both Whole Time Directors), and is also associated with the promoter group.
Both executives confirmed that they are not debarred from holding executive office pursuant to any SEBI orders.
Source: BSE
