Shalby appoints Tushar Shah as executive director for five years
- Management change
- Healthcare services
Reviewed byKeshav SehgalBlacklitt Research
Shalby (NSE: SHALBY) has appointed Tushar Shah as an Additional Director designated as an Executive Director for five years, it said in a filing on 03 Nov 2026. The Board approved the appointment on the recommendation of its Nomination and Remuneration Committee, subject to approval by shareholders through a postal ballot.
Terms of the appointment
The Board approved the appointment of Tushar Shah (DIN: 06739455) as an Additional Director designated as an Executive Director for five years, with effect from 3 Nov 2026. The appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to approval by shareholders through a postal ballot. The Board meeting ran from 3:28 p.m. to 3:58 p.m. that day.
The Nomination and Remuneration Committee and the Board verified that he is not debarred from holding office as a director under any order of the Securities and Exchange Board of India or any other authority, and declarations under BSE and NSE circulars dated 20 Jun 2018 were obtained.
Background and other roles
Shah is 48 and a Fellow Member of the Institute of Company Secretaries of India and an Associate Member of the Institute of Cost Accountants of India. He holds an LL.B. (Special) and a Master of Commerce degree from Gujarat University. The company says he brings over 23 years of experience in governance, secretarial and legal affairs, mergers and acquisitions and investor relations.
His experience includes leadership positions at Sadbhav Engineering Limited, Dishman Carbogen Amcis Limited, Transformers and Rectifiers (India) Limited, Adani Wilmar Limited and Adani Enterprises Limited. He is also company secretary and key managerial personnel of Shalby Medtech Limited, a wholly owned subsidiary, and an advisor to the board of PK Healthcare Private Limited, a subsidiary.
What the appointment means for Shalby's shareholders
The change adds an executive director for five years, and it takes effect from 3 Nov 2026 subject to the shareholder vote. Not stated: the outcome and date of the postal ballot, Shah's remuneration and role, and who will replace him as Company Secretary.
The next step is the shareholder postal ballot, for which the filing gives no date.
At a glance
| Item | Detail |
|---|---|
| Appointee | Tushar Shah (DIN: 06739455), aged 48 |
| Role | Additional Director, designated Executive Director |
| Term | 5 years |
| Effective date | 3 Nov 2026 |
| Approval needed | Shareholders, by postal ballot |
| Board meeting | 3 Nov 2026, 3:28 p.m. to 3:58 p.m. |
| Current post | Vice President and Company Secretary, Shalby Limited |
Filed with BSE on . Reference: Original filing (PDF)
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