Firstsource Solutions Limited has informed the Exchange regarding Appointment of Mr Paras Kumar Chowdhary as Non- Executive Independent Director of the company w.e.f. March 01, 2026.
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Firstsource Solutions has appointed Mr. Paras Kumar Chowdhary as a Non-Executive Independent Director for a 3-year term starting March 1, 2026. He brings over 45 years of experience in strategy, finance, sales and marketing, with senior roles at CEAT Limited (as MD) and Apollo Tyres (as President & Whole-time Director). The board has also approved the re-appointment of Dr. Rajiv Kumar, former Vice Chairman of NITI Aayog, for a second 3-year term as Independent Director effective May 3, 2027. Both directors will continue in office beyond age 75 until their terms expire. A postal ballot will be sent to shareholders to seek their approval for both appointments. Neither director is related to existing board members or debarred by SEBI from holding directorship.
These are standard independent director appointments that strengthen the board with experienced professionals. No material impact on the stock price or shareholders is expected, as these are routine governance actions subject to shareholder approval.