FDC Limited has informed the Exchange regarding 'General Update'.
FDC · price
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FDC Limited has reconstituted its Board Committees — Audit, Nomination & Remuneration, and CSR — effective April 1, 2026. The change follows the completion of tenure of CA Uday Kumar Gurkar, who served as Independent Director and Chairman of the Board. Consequently, Mr. Mohan Chandavarkar, the current Managing Director, will be re-designated as Chairman & Managing Director from the same date. The Audit Committee will now be chaired by CA Vijay Maniar, the NRC by Dr. Mahesh Bijlani, and the CSR Committee by Mr. Mohan Chandavarkar. The other committee members are all existing directors continuing in their roles.
This is a routine governance update following the planned end of an independent chairman's tenure. However, combining the Chairman and Managing Director roles in one person concentrates board authority, which minority shareholders and governance-focused investors typically view with caution. The stock is unlikely to see a major reaction unless the company announces a replacement independent director soon.