Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Appointment of Mr. Varun Dua as Non- Executive Director of the company w.e.f. January 12, 2026.
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Federal-Mogul Goetze (India) has appointed Mr. Varun Dua as an Additional Director (Non-Executive Non-Independent) on the board, effective January 12, 2026. The appointment was approved by the Board on January 8, 2026, based on the recommendation of the Nomination and Remuneration Committee, and is subject to him obtaining a valid Director Identification Number. Mr. Dua is a Chartered Accountant and an MBA from the University of Chicago Booth, with over 20 years of finance leadership experience at companies like General Electric, Walmart, and Ernst & Young. He currently serves as Vice President of Treasury and M&A at Tenneco (the parent company), based in the United States. He is not debarred from holding a directorship by any regulatory authority and has no relationship with existing directors.
This is a routine board-level addition with an experienced finance professional from the parent company, likely strengthening strategic and financial oversight. The appointment is neutral for shareholders, with no immediate material impact expected on the stock price.