Mahindra & Mahindra Limited has informed the Exchange regarding Demise of Mr T. N. Manoharan, Non- Executive Independent Director of the company on July 30, 2025.
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Mahindra & Mahindra has informed stock exchanges about the sudden passing of Mr. T.N. Manoharan, Lead Independent Director of the company, on July 30, 2025. Mr. Manoharan was first appointed as an Independent Director on November 11, 2016, and had been serving as Lead Independent Director since August 8, 2024. He was a Padma Shri awardee and a distinguished Chartered Accountant with vast experience in banking, regulatory bodies, and professional organizations. Chairman Anand Mahindra expressed deep condolences, calling it an irreparable loss and praising Mr. Manoharan's wisdom, integrity, and commitment to corporate governance. The company is yet to announce a replacement for the vacant position.
The sudden loss of the Lead Independent Director is an emotional setback but not expected to materially impact business operations. The board will need to appoint a replacement to maintain compliance with SEBI's requirement for an Independent Director; investors should watch for any announcement regarding a successor.