Mr. Nikhil Kaushik has been appointed as Non-Executive Independent Director of the company.
MADHAVIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhav Infra Projects has informed the stock exchanges that shareholders have approved the appointment of Mr. Nikhil Kaushik (DIN: 00040403) as a Non-Executive Independent Director of the company through a Postal Ballot. His term is for five consecutive years, effective from February 03, 2025 to February 03, 2030. Mr. Kaushik brings over 20 years of experience across finance, pharmaceuticals, and engineering, with past stints at Citibank, GE, and Pfizer, and previously managed over $200 million of Citibank's private equity portfolio in India. He has been confirmed as independent under the Companies Act and SEBI LODR regulations, and is not related to any existing directors or key managerial personnel of the company.
This is a routine governance update formalising an independent director's appointment through shareholder approval. With his strong finance and investment background, the addition may strengthen board oversight, but is unlikely to cause any immediate material movement in the stock price.