Generic Engineering Construction and Projects Limited has informed the Exchange regarding Change in Director(s) of the company.
GENCON · price
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The board approved appointment of Mr. Rajesh Kumar Yadav as Additional Non-Executive Independent Director for a 5-year term effective April 1, 2026, subject to shareholder approval. He brings 35 years of experience in the oil and gas sector. Mrs. Shital Laxmikant Lokhande, currently the CFO, has been appointed as Additional Whole-Time Director (Executive Non-Independent) for 5 years. Simultaneously, Ms. Namita Ravindra Talele resigned as Non-Executive Non-Independent Director citing preoccupation and personal commitments. All changes take effect from April 1, 2026, with shareholder approval pending for the appointments.
The dual appointments suggest board strengthening ahead, particularly bringing in oil-gas sector expertise and elevating the CFO to the board. The resignation is minor given the non-independent nature of the departing director, with no governance concerns flagged. Limited near-term stock impact expected pending shareholder approvals.