Change in Management - Additional Directors appointment as Independent Directors as approved by the shareholders in the AGM held on September 25, 2025
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Afcom Holdings has appointed two new Non-Executive Independent Directors following shareholder approval at its 12th AGM held on September 25, 2025. Mr. Sudhir Laxmikant Deoras, a former Tata Group Managing Director with over 40 years of leadership in steel, infrastructure, M&A, and international business, joins the board. Ms. Arundhati Mech, a former Chief General Manager at the Reserve Bank of India with 35 years of experience in banking regulation, compliance, and governance, has also been appointed. Both will serve a 2-year term and have been confirmed to meet SEBI's independence criteria with no disqualifications.
The addition of two highly experienced independent directors from the Tata Group and RBI strengthens the company's governance and brings strategic expertise in M&A, international business, and regulatory compliance. For shareholders, this is a positive governance development that may enhance board oversight, though it does not directly affect near-term business operations.