Outcome of the Board Meeting held on November 24, 2025.
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The Board of Directors of Monika Alcobev Ltd, at its meeting on November 24, 2025, approved the appointment of two new Non-Executive Independent Directors: Mr. Samir Kumar Das (aged 57, former SBI/ICICI/Axis Bank/Tata Capital/Aditya Birla Finance professional with 26+ years of financial services experience) and Mr. Ghanshyam V Vyas (aged 67, Chartered Accountant with 40+ years of audit and tax experience). Both have been appointed for a five-year term, subject to shareholder approval, and are not debarred by SEBI. The Board also reconstituted four committees — Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR — with Ms. Jagruti Sheth becoming the new Audit Committee Chairperson and Mr. Prasannakumar Gawde stepping down as Audit Committee Chairman.
This is a board-strengthening move that adds two seasoned independent directors with strong finance and audit backgrounds, likely to be viewed as a positive corporate governance signal. Investors should note that the appointments are subject to shareholder approval at the next general meeting.