Aeron Composite Accepts MD Resignation, Redesignates Ravi Patel As Managing Director

Board accepted Managing Director Chirag Chandulal Patel’s resignation effective 30 September 2026. Ravi Pankajkumar Patel will become Managing Director from 1 October 2026 for five years, with remuneration up to Rs 0.9 Cr annually. Hemang Bipinbhai Patel was appointed Additional Whole-time Director effective 29 August 2026, subject to shareholder approval, bringing over 12 years of manufacturing and procurement experience. The changes retain leadership within the promoter family. The outgoing Managing Director’s reason for resignation was not disclosed. Ravi Patel’s redesignation and Hemang Patel’s appointment require shareholder approval at the 30 September 2026 AGM, though the immediate transition suggests operational continuity.