Astral Limited has informed the Exchange regarding Change in Director(s) of the company.
ASTRAL · price
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Astral Limited's Board, at its meeting on 15th July 2025, approved the appointment of two new Non-Executive Independent Directors. Mr. Rajendra Mariwala (DIN: 00007246) and Mrs. Tanvi Rangwala (DIN: 07964348) have been appointed as Additional Directors for a term of five years, effective 15th July 2025 to 14th July 2030, subject to shareholder approval. Mr. Mariwala is the Managing Director of Eternis Fine Chemicals Limited and brings over 30 years of experience in specialty chemicals; he also serves on the boards of Marico, Kaya, Westlife Foodworld, and Apcotex Industries. Mrs. Rangwala is a startup investor and technology expert with 18 years of experience, previously associated with GVFL, IIMA Ventures, and Ahmedabad University. Both appointees are not related to any existing director and are not debarred by SEBI from holding a directorship.
This is a routine governance update adding two experienced independent directors to strengthen the board. No impact on share price is expected, though the appointments bring diverse expertise in chemicals/manufacturing and technology/startup investment, which could be viewed positively for board quality.