Bajaj Hindusthan Sugar Limited has informed the Exchange regarding Appointment of Mr Satish Kumar Nagpal as an Additional Director (Category: Non-Executive, Nominee Director) of the Company w.e.f. July 18, 2025.
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Bajaj Hindusthan Sugar has appointed Mr Satish Kumar Nagpal (DIN: 09045584) as an Additional Director in the Non-Executive, Nominee Director category with effect from July 18, 2025. Mr Nagpal is being appointed as a nominee of State Bank of India, a lender to the company, and will hold office until the conclusion of the next Annual General Meeting. He is a 65-year-old retired banker with 37 years of experience, having superannuated as Chief General Manager from SBI in November 2020 and later served as CEO of IIFCL Asset Management Company. The appointment was recommended by the Nomination and Remuneration Committee, is subject to shareholder approval, and the company has confirmed he is not debarred from holding directorship under any SEBI order.
This is a routine nominee director appointment by SBI and is unlikely to have a material impact on the stock price. It strengthens lender oversight on the board but does not change the company's operations or strategy.