We would like to inform you that the shareholders of the Company through Postal Ballot on 15th April, 2025 have approved the appointment of Mr. Desh Deepak Khetrapal (DIN 02362633) as a ....
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Mafatlal Industries shareholders have approved the appointment of two Non-Executive Independent Directors through a postal ballot concluded on 15 April 2025. Mr. Desh Deepak Khetrapal (DIN: 02362633) and Dr. Archana N. Hingorani (DIN: 00028037) were appointed for an initial five-year term from 4 February 2025 to 3 February 2030. Both resolutions passed with overwhelming support — 99.99% of votes cast were in favour, with about 70.92% of total outstanding shares participating in the voting. Promoters voted 100% in favour. Mr. Khetrapal is currently MD & CEO of Orient Cement and brings five decades of corporate experience, while Dr. Hingorani has three decades in financial services and private equity, serving on multiple listed-entity boards.
This is a routine governance update that strengthens Mafatlal Industries' board with two experienced independent directors. No material change is expected for shareholders; the appointments meet SEBI's board composition requirements and signal continued focus on independent oversight.