Hindustan Zinc Limited has informed the Exchange regarding Appointment of Dr Aruna Sharma (DIN: 06515361) as Independent Director of the company w.e.f. May 01, 2026.
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Ms. Pallavi Joshi Bakhru has resigned as Independent Director effective April 30, 2026, citing her new association with Grant Thornton Bharat LLP as Designated Partner. She also noted that Walker Chandiok & Co LLP (another Grant Thornton member firm) is being appointed as statutory auditor for certain Vedanta Group companies, creating a potential independence conflict. To comply with applicable independence and governance requirements, she stepped down. In response, the Board has appointed Dr. Aruna Sharma, a retired IAS officer from the 1982 Madhya Pradesh cadre and former Secretary Ministry of Steel, as an Additional Independent Director for a 1-year term starting May 1, 2026. Dr. Sharma brings over 35 years of experience in public administration, economic policy, and industrial development, and has also been inducted as a member of the CSR Committee.
The board has maintained its independent director count by promptly appointing Dr. Sharma after Ms. Bakhru's resignation. However, the resignation linked to auditor changes in the Vedanta Group may raise governance concerns for some investors, though the company has acted swiftly to ensure compliance.