Riddhi Display Equipments Ltd has approved the appointment of Mr. Laxmanbhai Thakarshibhai Vavesa as Chief Financial Officer (CFO), effective February 16, 2026. With over 17 years of finance experience, he replaces Mr. Vandankumar Mahendrabhai Dave. The company also announced board changes, aligning with SEBI regulations and strengthening its leadership team.
Riddhi Display Equipments Ltd has announced a significant leadership transition with the appointment of Mr. Laxmanbhai Thakarshibhai Vavesa as its new Chief Financial Officer (CFO). Vavesa, who has been associated with the company since 2009 and previously served as Deputy CFO, brings more than 17 years of expertise in finance and corporate governance.
He succeeds Mr. Vandankumar Mahendrabhai Dave, marking a smooth transition in the company’s financial leadership. Alongside this change, the board also approved the appointment of Dr. Alpeshkumar Chandulal Gajera as an Additional Independent Director, subject to shareholder approval, following the resignation of Mrs. Grishma Ajay Shewale.
These appointments reflect Riddhi Display Equipments’ commitment to strengthening its governance framework and aligning with SEBI’s Listing Obligations and Disclosure Requirements.
Key Highlights
-
New CFO: Appointment of Mr. Laxmanbhai Thakarshibhai Vavesa, effective February 16, 2026.
-
Experience: Over 17 years in finance; previously Deputy CFO at Riddhi Display Equipments.
-
Transition: Replaces outgoing CFO Mr. Vandankumar Mahendrabhai Dave.
-
Board Changes: Dr. Alpeshkumar Chandulal Gajera appointed as Additional Independent Director.
-
Compliance: All changes in line with SEBI regulations and independence criteria.
Sources: ScanX News, MarketScreener, Riddhi Display Equipments Ltd Corporate Filing