Manorama Industries names Deep Saraf as managing director

Manorama Industries Limited named Deep Saraf managing director on November 12, 2026 for a five-year term ending November 11, 2031, subject to member approval, while Mudit Kumar Singh became chairman and the former chairman and vice chairperson moved into senior-management roles.

Who leads Manorama Industries after November 12, 2026?

Manorama Industries is led by Managing Director Deep Saraf and Chairman Mudit Kumar Singh from November 12, 2026. The board approved Deep Saraf's appointment as an additional director and executive director in the category of whole-time director for five years, from November 12, 2026 to November 11, 2031, subject to approval by members.

Manorama Industries separately approved Deep Saraf's appointment as managing director for the same five-year period, with both dates inclusive. The November 12 board outcome says the Nomination and Remuneration Committee recommended the appointment before the board approved it.

Manorama Industries also appointed Singh as an additional director and executive whole-time director from November 12, 2026 to November 11, 2031, subject to member approval. The board elected Singh as chairman with effect from November 12, 2026, separating the chairmanship from the managing-director office previously held by one person.

Why did Ashish and Vinita Saraf leave their board roles?

Ashish Ramesh Saraf ceased to be chairman and managing director of Manorama Industries on November 12, 2026 following his resignation from that office, but remained with the business in a senior-management position. The board redesignated him as President, Strategic Planning and Business Development, citing continuity of management.

Vinita Ashish Saraf ceased to be vice chairperson and whole-time director on November 12, 2026 following her resignation from those offices. Manorama Industries redesignated her as President, Business Excellence and Development, another senior-management position, following a Nomination and Remuneration Committee recommendation.

The filing describes Ashish Saraf as having more than three decades of experience in specialty fats and butters and being associated with Manorama Industries since its inception. It describes Vinita Saraf as having more than two decades of industry experience and being associated with Manorama Industries since its incorporation, indicating that neither change represented a disclosed exit from the organisation.

What experience do the new Manorama Industries leaders bring?

Deep Saraf brings more than two decades of experience in manufacturing operations, business management and strategic leadership, according to Manorama Industries. The filing says he has been associated with Manorama Industries since inception and contributed to capacity expansion, product development, operational excellence and business growth.

Deep Saraf is the brother of Ashish Saraf, who was redesignated in the same November 12, 2026 board meeting. The disclosure records nil shares held by Deep Saraf at the time of the announcement, compared with 2,75,68,720 shares held by Ashish Saraf.

Singh is a former Indian Forest Service officer with more than four decades of experience in forestry, science and technology, environmental governance, climate change and public administration. Manorama Industries said Singh had previously completed a five-year term as an independent director and recorded nil shares held by him, while identifying no relationship with other directors.

How has Manorama Industries' board structure changed?

Manorama Industries has split the chairman and managing-director offices from November 12, 2026, replacing the previous combined role held by Ashish Saraf. Singh now holds the chairmanship, while Deep Saraf holds the managing-director role, and both are executive whole-time directors under proposed five-year terms.

The table shows that the chairman and managing-director posts moved from one combined office to two separate offices on November 12, 2026. Manorama Industries did not disclose a replacement vice chairperson in its board-meeting outcome.

Manorama Industries also approved proposals to seek member approval for remuneration payable to Ashish Saraf and Vinita Saraf in their new roles, described as offices or places of profit. The November 12, 2026 announcement did not disclose remuneration amounts, leaving those terms subject to a separate member-approval process.

When will Manorama Industries shareholders vote on the appointments?

Manorama Industries will seek member approval through a postal ballot for Deep Saraf's directorship and managing-director appointment, Singh's directorship and chairmanship, and the two remuneration proposals. The board fixed November 20, 2026 as the cut-off date for determining members eligible to receive the notice and vote.

Manorama Industries said the postal-ballot notice would be sent electronically to members with registered email addresses whose names appear in the register of members or beneficial-owner list as of November 20, 2026. Voting will take place only through remote electronic voting provided by MUFG Intime India Private Limited.

M/s Mehta & Mehta, Company Secretaries, was appointed scrutinizer for the remote e-voting process. Manorama Industries said it would disseminate the postal-ballot notice to stock exchanges and make it available on its website in due course, but did not state a voting-window end date or result date in the November 12 filing.

Conclusion

Manorama Industries has made a leadership and governance change effective November 12, 2026 by assigning the chairmanship to Singh and the managing-director role to Deep Saraf. Ashish Saraf and Vinita Saraf have relinquished board offices but continue in senior-management roles focused respectively on strategic planning and business development, and business excellence and development.

The next disclosed milestone is the November 20, 2026 eligibility cut-off for the postal ballot. Investors should watch for the postal-ballot notice, the voting timetable and member decisions on the two executive-director appointments, Deep Saraf's managing-director term and remuneration for Ashish Saraf and Vinita Saraf.