Independent director resigns; board and internal audit successors appointed
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Soumya Rajan resigned as non-executive independent director effective October 26, 2026, citing increased commitments at Waterfield Advisors, and stepped down from all board committees. Anjali Karamnarayan Seth was appointed independent director from October 27. R. Venkatesh also resigned as Head of Internal Audit for personal reasons; Bharat Chamanlal Thakkar, with over 34 years of finance and audit experience, takes over from October 27.
Both roles are covered from October 27, reducing immediate oversight gaps despite board and management turnover.