Atlanta Electricals Limited has informed the Exchange about proposal for appointment of Independent Director in Material Unlisted Subsidiary.
ATLANTAELE · price
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Atlanta Electricals Limited has disclosed that its Board of Directors of Atlanta Trafo Limited (material unlisted subsidiary) has recommended appointment of two Independent Directors at an ensuing General Meeting on May 12, 2026. The proposed appointees are Mr. Dukhabandhu Rath and Mrs. Jinkal Darshan Patel, both currently serving as Independent Directors on Atlanta Electricals Limited's Board. Mr. Rath brings nearly four decades of banking experience, having retired as Chief General Manager from State Bank of India. Mrs. Patel has over 19 years of experience in finance and pharmaceuticals, currently associated with Elysium Pharmaceuticals. Both appointments are for a first term of five consecutive years as Non-Executive Independent Directors, not liable to retire by rotation.
This appointment strengthens governance at the subsidiary level as required under SEBI regulations. Both directors being already on the parent company's board ensures continuity and aligned oversight. No direct impact on Atlanta Electricals stock expected from this routine governance update.