Appointment of Mr. Praveen Goyal as an Additional Director (Non-Executive Independent) for a period of five years with effect from 15th May 2025.
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Mohit Paper Mills Ltd has appointed Mr. Praveen Goyal as an Additional Director in the Non-Executive Independent category, effective from 15th May 2025 to 14th May 2030 (5-year term). The appointment is subject to approval from the company's members/shareholders. Mr. Goyal (DIN: 11104068) is 48 years old, holds a Bachelor of Commerce degree, and has rich experience in management and business administration. He is not debarred by SEBI or any other authority from holding a directorship, and is not related to any existing Director of the company. The appointment was made on the recommendation of the Nomination and Remuneration Committee at a board meeting held on 15th May 2025.
This is a routine governance and regulatory compliance update. The addition of an independent director strengthens board oversight, but it is unlikely to have a meaningful direct impact on the stock price or shareholder value in the short term.