Indong Tea Appoints Rajesh Garg Managing Director As Founder Steps Down

Board approved Hariram Garg's stepping down as Managing Director effective 28 September 2026 due to health-related issues, with proposed continuation as Chairman and Executive Director from 1 October 2026. Rajesh Garg, currently a Non-Executive Director, was appointed Managing Director for five years from 28 September 2026 to 27 September 2031, subject to shareholder approval. The move represents a leadership transition from the company's founder to his son, while retaining the founder's executive involvement and industry experience. The Board also recommended Akhil Kumar Manglik's re-appointment as Independent Director for a further five-year term from 4 February 2027. The transition and appointments remain subject to shareholder approval. The filing provides no financial or operational impact assessment; execution will depend on Rajesh Garg's transition to the Managing Director role while Hariram Garg continues as Chairman and Executive Director.