Intimation for appointment of Directors on the Board of Company
Awaiting price reaction for this filing.
Sharp India Limited's Board, at its 294th meeting on 5th June 2026, approved the appointment of six new directors on the recommendation of the Nomination and Remuneration Committee. Three are Non-Executive Non-Independent Directors — Mr. Anant Raghute (tech background, 26+ years at HP/EDS/HCL), Mr. Sandeep Deshmukh (27+ years in Finance & Accounts), and Mr. Salil Halve (13+ years in Operations). The other three are Non-Executive Independent Directors — Mr. Yashavant Avatade (Chartered Accountant, 26+ years with CFO experience), Mr. Sanjeev Mahajan (FCS with 35+ years in secretarial and corporate law), and Ms. Bhakti Hosalkar (14 years in corporate governance and FEMA compliance), each appointed for a five-year term till 29th May 2031 subject to shareholder approval. None of the appointees are related to existing directors or debarred by SEBI.
A significant board expansion strengthening the company's expertise across technology, finance, operations, and corporate governance. Shareholders should note that the independent directors' five-year terms remain subject to approval at the next AGM.