1. Intimation for Appointment of Mr. Ravindra Prasad Purohit (DIN: 06982157) as an Additional Director in the category of Non-Executive Independent Director of the company and 2. Re-constitution ....
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Menon Pistons Ltd has appointed Mr. Ravindra Prasad Purohit (DIN: 06982157) as an Additional Director in the Non-Executive Independent Director category, effective 7th May 2025, for a three-year term ending 6th May 2028, subject to shareholder approval at the next AGM. Mr. Purohit is a retired economist and education consultant with 34 years of experience, having worked with Tata Services Ltd, Hindustan Construction Company, and Lavasa Corp Ltd, advising on policy analysis, demand forecasting, and regulatory compliance. He holds no shares in the company and no directorships in other listed entities. The board also reconstituted its Audit Committee and Nomination & Remuneration Committee on the same date, with Mr. Purohit being named Chairperson of the Audit Committee.
Adding a new independent director with Tata-group consulting experience should strengthen board oversight and governance, particularly as he takes charge of the Audit Committee. This is a routine governance change with no direct impact on financials or operations, though shareholder approval will be sought at the upcoming AGM.