Relaxo Footwears Limited announced today, March 26, 2026, that its Board of Directors has approved the re-designation of two key individuals to the position of Co-Chief Executive Officer (Co-CEO). Mr. Gaurav Kumaar Dua, currently a Whole-time Director, will now also serve as Co-CEO & Whole-time Director. This change is effective from April 1, 2026, with no alteration to his existing remuneration, tenure, or other terms of appointment, which were previously approved by shareholders at the AGM on August 24, 2023, for a period of three years from October 1, 2023, to September 30, 2026. Similarly, Mr. Ritesh Dua, Executive Vice President (Finance), has been re-designated as Co-Chief Executive Officer, also effective April 1, 2026. His appointment terms remain unchanged, mirroring the conditions approved by shareholders for a three-year period from October 1, 2023, to September 30, 2026. Mr. Gaurav Kumaar Dua brings over 25 years of experience in sales and marketing within the footwear industry, holding an MBA from the University of Wales. He has been instrumental in driving company initiatives related to revenue growth, market expansion, and brand rejuvenation. He is the son of Mr. Ramesh Kumar Dua, the Managing Director, and is part of the promoter group. Mr. Ritesh Dua possesses over 26 years of experience across Finance, HR, IT, and Exports, with an MBA from Fore School of Management, Delhi. He has played a crucial role in the company's export operations, information technology, human resources, and finance departments. He is the son of Mr. Mukand Lal Dua and brother of Mr. Nikhil Dua, both Whole Time Directors, and is also part of the promoter group. Both appointees are not debarred from holding office by any SEBI order.
