Intimaiton of reconstitution of Audit and Stakeholder committee
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Awaiting price reaction for this filing.
The company has reconstituted two key board committees — the Audit Committee and the Stakeholders' Relationship Committee — effective March 7, 2026. Ms. Swati Jain, an Independent Director, stepped down as Chairman and Member of both committees citing time constraints from her engagements at other companies; she will continue as a Director on the Board and as a member of the Nomination and Remuneration Committee. Mr. Kanwar Nitin Singh, another Independent Director, has been appointed as the new Chairman of both committees. The other two members on each committee — Mr. Lovish Kataria and Mr. Pawan Kumar Mittal — remain unchanged. The company states the change is aimed at strengthening governance and ensuring regulatory compliance.
This is a routine governance reshuffle with no change in board composition, and the company frames it positively as a governance enhancement. Shareholders are unlikely to see any material impact on the stock, though it removes one layer of independent oversight from the audit committee chair role.