Appointment of Shachi Bhardwaj as Non-Executive Non-Independent Women Director
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Bhagawati Gas Ltd has appointed Ms. Shachi Bhardwaj (DIN: 07232850) as an Additional Director in the Non-Executive, Non-Independent category, effective July 28, 2025. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the next general meeting. Importantly, she is the wife of the company's Managing Director, Rakesh Samrat Bhardwaj, making this a family-linked board addition. The filing was made under SEBI Listing Regulations (Regulation 30) to BSE on October 9, 2025.
This brings a family member of the Managing Director onto the board, which may raise corporate governance questions for shareholders despite complying with women-director requirements. Investors should watch for the shareholder vote on her appointment and any related-party disclosures going forward.