Jay Bharat Maruti Limited has informed the Exchange regarding re-appointment of Mr. Madhusudan Prasad as Non- Executive Independent Director of the Company w.e.f. Jun 01, 2026.
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Jay Bharat Maruti Limited has announced the re-appointment of Mr. Madhusudan Prasad as an Independent Director for a second consecutive term of 3 years, from June 1, 2026 to May 31, 2029. The Board approved this re-appointment on May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment remains subject to shareholder approval. Mr. Prasad brings over 40 years of government experience, including senior roles in the Ministry of Finance, RBI Advisory Board, and as Secretary at the Public Enterprises Selection Board. He is not related to any other directors on the board.
This is a routine governance action maintaining experienced independent oversight on the board. The continuation of a seasoned director with extensive regulatory and government expertise is neutral to mildly positive for corporate governance. Shareholder approval is still required.