India Motor Parts and Accessories Limited has informed the Exchange regarding Appointment of Sri N Krishnan as Whole-time Director of the company w.e.f. July 05, 2025.
IMPAL · price
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The Board of India Motor Parts and Accessories Limited (IMPAL), at its meeting on May 16, 2025, approved two key leadership changes effective July 5, 2025, subject to shareholder approval via postal ballot or e-voting. Sri N Krishnan (DIN: 00041381), who has served as Managing Director since 1999 and brings 40+ years of experience, will be appointed as Whole-time Director for a 3-year term. Simultaneously, Sri Mukund S Raghavan (DIN: 03411396), currently Deputy Managing Director since 2022 and with 28+ years in the automotive aftermarket, will be elevated to Managing Director for a 5-year term. Both appointees are confirmed as not debarred by SEBI or any other authority.
This is a planned leadership succession with continuity — an experienced insider (Raghavan) is taking over as MD while the outgoing MD (Krishnan) stays on as Whole-time Director, which should provide stability for shareholders and limit governance disruption. The transition is positive for operational continuity given both leaders' deep familiarity with the auto parts distribution business.