Generic Engineering Construction and Projects Limited has informed the Exchange regarding Appointment of Mrs. Shital Laxmikant Lokhande as Chief Financial Officer of the company w.e.f. Jun 13, 2025.
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The Board of Generic Engineering Construction and Projects Limited approved the appointment of Mrs. Shital Laxmikant Lokhande as the new Chief Financial Officer (CFO) effective June 13, 2025. She holds a B.Com from University of Mumbai, an MBA from IIM Ahmedabad, and is currently pursuing a financial program at IIT Delhi, with expertise in taxation, finance, accounting, and financial strategy. In a related move, Mrs. Namita Ravindra Talele's designation was changed from Non-Executive Independent Director to Non-Executive Non-Independent Director, as the new CFO appointment impacts the criteria for her to continue as an Independent Director. Both individuals are stated to not be related to any existing Director on the Board.
This is a routine leadership update with no financial impact. The change in designation of an Independent Director to Non-Independent Director slightly reduces the proportion of Independent Directors on the Board, which may be a minor governance consideration for shareholders tracking board composition.