Re-appointment of Mr. Madhusudan Prasad as Non-Executive Independent Director of the Company w.e.f. June 01, 2026
JAYBARMARU · price
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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 three years, from June 01, 2026 to May 31, 2029. The appointment was approved by the Board of Directors on May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is not liable to retire by rotation and is subject to shareholder approval. Mr. Prasad has over 4 decades of experience in government service, including roles in the Department of Economic Affairs, Ministry of Finance, and as Secretary at the Public Enterprises Selection Board. He is not related to any other directors of the company and is not debarred from holding the office.
This is a routine corporate governance matter reflecting board continuity. The re-appointment of an experienced Independent Director with extensive regulatory and government background is generally viewed positively, maintaining board stability and institutional knowledge without any immediate shareholder impact pending the AGM approval.