Reappointment of Mr. Sanjiv Bansal as Independent Director for Second Term of 5 Years w.e.f. June 17, 2026
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Morgan Ventures has announced the reappointment of Dr. Sanjiv Bansal as an Independent Director for a second consecutive term of five years, effective June 17, 2026. The reappointment, recommended by the Nomination and Remuneration Committee, was approved by the Board of Directors on May 29, 2026, and is subject to shareholder approval. Dr. Bansal is a physician by profession who runs Bansal Hospitals in Delhi and has experience across various companies. He is not related to any director on the board and is not debarred from holding the director position. The new term will run until June 17, 2031, during which he will not be liable to retire by rotation.
This is a routine governance matter indicating board stability and continuity. The reappointment of an experienced independent director is generally viewed positively as it maintains institutional oversight on the board.