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 with effect from ....
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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 with effect from 7th May 2025. The appointment is for a first term of three years (till 6th May 2028) and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Purohit is a retired economist and education consultant with 34 years of experience, having worked with Tata Services, Hindustan Construction Company, and Lavasa Corp. He holds no shares in the company, has no other listed-entity directorships, and is not debarred by SEBI. Board committees have been reconstituted, with Mr. Purohit taking on the role of Chairperson of the Audit Committee and member of the Nomination and Remuneration Committee.
This is a routine governance update with no material impact on the stock price. It strengthens board independence by adding a senior external professional who will also chair the Audit Committee, which is generally viewed positively by shareholders focused on governance quality.