FDCNSEFDC Limited· PharmaceuticalsMediumNeutral
Announced Wed, 18 Mar · 15:01 IST

FDC Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

FDC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹339.70
prior close
₹341.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.8-0.6-0.8-1.9-3.4-2.0-2.7-5.5+3.6+6.3+5.4+13.4
Up moveDown movePending
AI summary

FDC Limited's Board has noted the end of CA Uday Kumar Gurkar's second term as Independent Director, effective close of business on March 31, 2026. In his place, the Board has approved the appointment of CA Kishore Saletore as an Additional Independent Director for a 5-year term from April 1, 2026 to March 31, 2031, subject to shareholder approval via postal ballot. Mr. Saletore is a seasoned finance executive with over 30 years of experience at Tata Group, ITC, Hughes Corporation, and Bharat Forge, and won the CII CFO Award in 2022. Board committees (Audit, NRC, CSR) have been re-constituted effective April 1, 2026 to reflect this change.

Likely market impact

This is a routine board transition with no disruption. The appointment of a highly experienced finance professional as Independent Director may be viewed positively by shareholders, while the departure is a natural end-of-term event and not a governance red flag.