Disclosure under Regulation 30 of SEBI(LODR) Regulation 2015 for appointment of Mr Mehar Chand Thakur as an Additional Director (Non-Executive Independent).
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has appointed Mr. Mehar Chand Thakur (DIN 08648033) as an Additional Director in the Independent (Non-Executive) category, effective 22nd October 2025. The appointment is for a term of 5 consecutive years and is subject to shareholder approval via postal ballot and e-voting. The decision was made by the Board through a circular resolution, based on the recommendation of the Nomination and Remuneration Committee. Mr. Thakur, aged about 73, is a retired Indian Revenue Service officer who served from 1975 to 2012, with senior roles including Member of the Central Board of Indirect Taxes & Customs, where he contributed to GST policy formulation. He is not related to any existing director and is not debarred by SEBI or any other regulator from holding directorship.
This is a routine independent director addition that brings experienced government and policy expertise to the board. It is a neutral governance event with no immediate material impact on shareholders or stock price, pending shareholder confirmation.