Appointment of Additional Directors in the capacity of Non- executive, Independent Directors
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Gujarat Credit Corporation has appointed two new Additional Directors in the non-executive and independent category, on the recommendation of its Nomination and Remuneration Committee. Mr. Vipul R Patel (DIN: 02286599), a Chartered Accountant with capital market experience, was appointed effective September 3, 2025 for a 5-year term. Mr. Apurva R Hathi (DIN: 03377374), a Lawyer and capital market expert, was appointed effective September 2, 2025 for a 5-year term. Both appointments are subject to shareholder approval at the next Annual General Meeting, and neither director is related to existing board members or debarred by SEBI.
The addition of two independent directors with capital market expertise is a routine governance move and a positive sign for board independence, though it is unlikely to have a material direct impact on the stock price.