Annapurna Swadisht Names Ritesh Shaw MD And CEO After Resignations

Board accepted the resignation of Managing Director Shreeram Bagla and CEO Rohit Singhania, effective August 29, 2026. Promoter and Whole-time Director Ritesh Shaw was appointed Managing Director and CEO, subject to shareholder approval for the designation change. Borrowing powers and authority to create charges on assets were each increased to Rs 350 Cr, also subject to shareholder approval. The changes represent a significant leadership reset during Annapurna’s acquisition-led and capacity-expansion phase. Mr. Singhania will continue as Group Sales Head, preserving sales continuity, while promoter-led management assumes direct control of operations and strategy. The higher borrowing and asset-charge limits provide financing flexibility for expansion but could increase leverage and execution risk. The filing does not disclose a funding plan, succession timetable beyond the immediate transition, or any concerns behind the resignations; both executives cited personal or role-focus rea