Hindustan Zinc Limited has informed the Exchange regarding Cessation of Ms. Pallavi Joshi Bakhru (DIN: 01526618) as Independent Director of the company w.e.f. April 30, 2026.
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Ms. Pallavi Joshi Bakhru has resigned as Independent Director of Hindustan Zinc Limited effective April 30, 2026. The resignation is driven by governance compliance — she is joining Grant Thornton Bharat LLP as a Designated Partner, and the proposed appointment of Walker Chandiok & Co LLP (a related firm under Grant Thornton International) as statutory auditors for Vedanta Group companies created an independence conflict. She confirmed no other material reasons for her exit. Concurrently, the Board has appointed Dr Aruna Sharma, a retired IAS officer (1982 MP cadre), as an Additional Independent Director for a one-year term from May 1, 2026, subject to shareholder approval. Dr Sharma, former Secretary of Ministry of Steel with 35+ years in public administration and industrial policy, also joins the CSR Committee.
The departure of Ms. Bakhru is a routine governance-driven transition rather than a red flag. Her replacement by a senior ex-bureaucrat brings relevant industry experience, particularly given HZL's mining and metals operations. No immediate shareholder concern.