Asia Pack appoints Manish Kumar Kothari as CEO
The packaging firm replaces former CEO Jitendra Purohit, who stepped down following a prolonged illness. The board also released audited FY26 results.
— 1 earlier story on Asia Pack Ltd. →What's new
- Manish Kumar Kothari takes over as CEO effective immediately.
- Jitendra Purohit is formally removed due to chronic illness.
- Board approved audited FY26 financial results with an unmodified opinion.
Why this matters
Leadership transitions at nano-cap firms are high-stakes events. While the market knew of the former CEO's absence since May, the formal appointment of a finance-focused successor provides needed clarity for the company's future.
What we're watching
- Whether the new CEO shifts the company's financial strategy.
- Any further details on the FY26 performance beyond the audit sign-off.
- Stability in the boardroom following the leadership change.
The full read
Asia Pack has finalized its leadership transition. The board formally removed Jitendra Purohit as CEO, citing his ongoing struggle with a severe chronic illness, and immediately installed Manish Kumar Kothari as his successor. Kothari brings 14 years of experience in accounting and finance to the role. The company, which carries a market capitalization of just ₹13 crore, also cleared its audited financial results for the year ended March 31, 2026, receiving an unmodified audit opinion. While the change in leadership was anticipated following the disclosure of Purohit's absence on May 23, the formal appointment marks a definitive end to the uncertainty. For a company of this size, the shift in management is the primary development to monitor.
Questions answered
- Why was the former CEO removed?
- Jitendra Purohit was removed due to a prolonged absence caused by a severe chronic illness. The company had previously disclosed his unavailability to the exchange on May 23.
- Who is the new CEO?
- Manish Kumar Kothari has been appointed as the new CEO. He holds a master's degree in commerce and brings over 14 years of experience in accounting and finance.
- What is the status of the company's financial results?
- The board approved the audited financial results for the quarter and year ended March 31, 2026. The audit opinion provided was unmodified.
- How large is Asia Pack?
- Asia Pack is a nano-cap company with a market capitalization of approximately ₹13 crore.
Story so far
All notes on ASIAPAK →- 29 May 2026 · 4:26 PM IST Asia Pack appoints Manish Kumar Kothari as CEO
- 1d ago Asia Pack appoints Manish Kumar Kothari as CEO after leadership exit