This is to inform you that the Board has reconstituted the committees of the Board
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Bella Casa Fashion & Retail Ltd has reconstituted all four of its board committees — Audit, Shareholders'/Investors Grievance, Nomination & Remuneration, and Corporate Social Responsibility — effective July 15, 2025. The reconstitution follows the completion of the second five-year term of three independent directors: Mr. Sharad Mangal, Mr. Gunjan Jain, and Ms. Kalpana Juneja, who all ceased to be directors with effect from the close of business on July 14, 2025. The new committees include Mr. Surendra Singh Bhandari (Audit Chair), Mr. Nitin Mathur, Mr. Govind Saboo, Mrs. Nivedita Ravindra Sarda, and existing whole-time directors Mr. Saurav Sir, Mr. Saurav Gupta, and Mr. Gaurav Gupta. The terms of reference for all committees remain unchanged.
This is a routine, regulatory-driven change rather than a governance red flag — the three independent directors reached the end of their maximum permissible tenure under the Companies Act. Shareholders should expect a smooth transition, though the simultaneous exit of three independent directors means fresh eyes on the audit and nomination functions going forward.