We would like to inform you that the shareholders of the Company through Postal Ballot on 15th April, 2025, have approved the appointments of Mr. Desh Deepak Khetrapal (DIN 02362633) as ....
MAFATIND · price
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Mafatlal Industries has informed BSE that shareholders, through a Postal Ballot concluded on 15 April 2025, approved the appointment of two new Non-Executive Independent Directors on the Board. Mr. Desh Deepak Khetrapal (DIN: 02362633) and Dr. Archana N. Hingorani (DIN: 00028037) have each been appointed for an initial term of five years from 4 February 2025 to 3 February 2030. Over 70.92% of total shares participated in the voting, with both resolutions passing with an overwhelming 99.99% majority (only about 3,400 votes against each). The appointments were originally made by the Board on 4 February 2025 on the recommendation of the Nomination and Remuneration Committee, with shareholder approval now sought under SEBI's LODR Regulation 17(1C).
This is a routine governance update — no impact on operations or financials is expected. The addition of two experienced independent directors (one with over five decades of corporate experience including as MD/CEO of listed firms, and the other with three decades in financial services and private equity) may strengthen board oversight but is unlikely to move the stock price.