Appointment of Mr. Vinayak Ganesh Phadke (DIN: 00506647) as a Non-Executive Independent director w.e.f 18th September, 2025 for term of 5 years.
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Ladam Affordable Housing Ltd has appointed Mr. Vinayak Ganesh Phadke (DIN: 00506647) as a Non-Executive Independent Director for a 5-year term, effective 18th September 2025. The appointment was approved by shareholders at the company's 46th Annual General Meeting on the same day. Mr. Phadke is not related to any existing director on the board and has been confirmed to meet the independence criteria under the Companies Act, 2013 and SEBI LODR Regulations, with no SEBI debarment order against him. He brings over 50 years of professional experience, including a long career at Bank of Maharashtra (1970–2000) retiring as Senior/Regional Manager, and since 2001 has been involved in housing redevelopment and SRA scheme projects.
This is a routine board-level governance update with no material impact on shareholders or stock price. The new independent director adds banking, finance, and real estate redevelopment expertise relevant to the company's affordable housing business.