Atlanta Electricals Limited has informed the Exchange about appointment of Independent Director in Material Unlisted Subsidiary.
ATLANTAELE · price
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Atlanta Electricals Limited has announced the appointment of two Independent Directors to the board of its material unlisted subsidiary, Atlanta Trafo Limited. Mr. Dukhabandhu Rath (senior banking professional with 36 years at State Bank of India) and Mrs. Jinkal Darshan Patel (finance and pharma executive with Elysium Pharmaceuticals) have been appointed for a 5-year term from May 12, 2026 to May 11, 2031. Both directors already serve as Independent Directors on the parent company board, and their appointment to the subsidiary is to comply with SEBI LODR Regulation 24(1). Neither director is related to any promoter or other board members.
This is a routine governance compliance filing ensuring the material unlisted subsidiary meets regulatory requirements for independent oversight. No direct impact on the parent company's stock, but strengthens governance structure at the subsidiary level.