BSEAbate As Industries LtdMediumNeutral
Announced Mon, 11 May · 16:54 IST

Disclosure under Reg 30 - Appointment of Mr.Harikumar V as Non executive Independent Director of the Company

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹10.50
prior close
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AI summary

Abate As Industries Ltd has announced the appointment of Mr. Harikumar V (DIN: 10450411) as a Non-executive Independent Director. The appointment was approved by shareholders through a Postal Ballot dated 9th May 2026, with effect from 12th February 2026. Mr. Harikumar is Lt. Col. Velayudhanpillai Harikumar, a seasoned technocrat with 35 years of experience including 20 years with the Indian Army in the Corps of Electronics and Mechanical Engineers and 15 years in corporate roles. The company has confirmed he is not related to any existing directors and is not debarred from holding office as a director.

Likely market impact

The appointment of an experienced independent director with military and corporate background strengthens the board's governance and expertise, which is generally positive for shareholder confidence.