The Members of the Company by way of Special Resolutions in respect of (1) Appointment of Mr. Desh Deepak Khetrapal (DIN 02362633) as a Director (Non-Executive Independent Director) and ....
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Mafatlal Industries shareholders approved the appointment of two Non-Executive Independent Directors via special resolutions through postal ballot on April 15, 2025. Mr. Desh Deepak Khetrapal (DIN 02362633), currently MD & CEO of Orient Cement Limited with over five decades of experience, was appointed for a five-year term starting February 4, 2025. Dr. Archana N. Hingorani (DIN 00028037), co-founder of Siana Capital Management with three decades in financial services and private equity, was also appointed for a five-year term from the same date. Both resolutions passed with overwhelming support, receiving 99.99% of votes in favour, with about 51 million votes polled (roughly 71% of outstanding shares). The promoter group voted entirely in favour with 5 crore shares.
The board gains two experienced independent directors with strong corporate and financial backgrounds, which is a routine positive governance development. This is unlikely to have a material short-term impact on the stock price but strengthens board oversight and may reassure long-term investors.