Mahaalaxmi Texpro Limited, formerly Abhishek Corporation Limited, has announced that at its board meeting held on Friday, 14 August 2026, it approved the appointment of Prathamesh Mukund Gaikwad as an Additional Director in the category of Non-Executive Independent Director. The move adds an independent voice to the board and is set for a five-year term commencing from the date of appointment, subject to regularization at the ensuing Annual General Meeting. The development underscores the board’s ongoing emphasis on governance and diverse expertise at the helm of the company’s strategic direction.
Gaikwad is described by the company as a seasoned technology professional with 8+ years of experience in the fintech ecosystem, spanning areas such as supply chain finance, payments, loyalty and rewards, and digital lending. He is said to have led multiple startups, playing a key role in product development, technology architecture, and go-to-market execution, with a track record of building scalable fintech platforms and aligning technology with regulatory requirements.
The company notes there is no inter-se relationship between Gaikwad and the other directors. His appointment as an Additional Director will be formalized, if required, at the next AGM. The move reflects Mahaalaxmi Texpro’s intent to strengthen board governance with independent oversight and technology-led insight as it navigates a dynamic market landscape.