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 announced the appointment of two independent directors to the board of its material unlisted subsidiary, Atlanta Trafo Limited. Mr. Dukhabandhu Rath and Mrs. Jinkal Darshan Patel, both already serving as Independent Directors on the parent company's board, have been appointed for a 5-year term starting 12 May 2026. Mr. Rath is a senior banking professional with 36 years of experience at State Bank of India and previously served as Managing Director of Gujarat Venture Finance Limited. Mrs. Patel has over 19 years of experience in finance and pharmaceuticals, holding an MBA in Finance from Pace University, New York. Both appointments are in compliance with SEBI LODR Regulation 24(1), which mandates independent directors on the board of material unlisted subsidiaries.
The appointments strengthen governance at the subsidiary level and ensure regulatory compliance. Since the directors already serve on the parent company's board, there is no major change in control or risk, and the impact on the parent company's stock is minimal.