Indef Manufacturing Limited has informed the Exchange about Appointment of Mr. Vandan Sitaram Shah as a Non-Executive Non-Independent Director of the Company.
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Indef Manufacturing Limited has received shareholder approval at its 3rd AGM held on August 12, 2025, for the appointment of Mr. Vandan Sitaram Shah as a Non-Executive Non-Independent Director, effective May 27, 2025. Mr. Shah is a seasoned entrepreneur with over 39 years of experience in the manufacturing sector and is the Owner and Executive Chairman of Sipra Engineers Pvt. Ltd., an aluminium die-casting company serving the automotive industry. He previously served as an Independent Director on the boards of Hind Rectifiers Ltd. and Hercules Hoists Ltd. (a Bajaj Group company). He holds a bachelor's degree in industrial engineering and is not related to any current Director, nor debarred from holding office by SEBI.
This is a routine corporate governance update confirming a board appointment that was initially made on May 27, 2025. For shareholders, it brings an experienced industry veteran onto the board, but it is unlikely to have a material impact on the stock price in the short term.