Davangere Sugar Company Limited has informed the Exchange regarding Appointment of Mr ACHAL KAPOOR as Non- Executive Independent Director of the company w.e.f. July 16, 2025.
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Davangere Sugar Company has appointed Mr. Achal Kapoor (DIN: 09150394) as a Non-Executive Independent Director for a 5-year term from July 16, 2025 to July 16, 2030, subject to shareholder approval at the next AGM. He will also serve on the Audit Committee, Nomination & Remuneration Committee, and chair the CSR Committee. This follows the end of Mr. Thappagondanahally Rajashekarappa's 5-year term as Independent Director, who chose not to seek reappointment. Mr. Achal Kapoor is a qualified Company Secretary with over 10 years of experience in corporate law, securities law, SEBI compliance, finance, and taxation.
This is a routine board refresh — one independent director's term ended naturally and was replaced. No governance red flags; shareholders will need to approve the new appointment at the upcoming AGM. Minimal impact expected on stock price.