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 Limited 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 appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors at their meeting held on May 29, 2026. The term will run until June 17, 2031, and Dr. Bansal will not be liable to retire by rotation. The appointment is subject to approval by the company's shareholders. Dr. Bansal is a physician by profession with experience in managing medical conditions and has directorship experience in various companies. He is not related to any director of the company and is not debarred from holding the office of director.
This is a routine corporate governance update indicating continuity in the board's independent oversight. The reappointment of an experienced independent director for a second term is a positive governance signal, suggesting stability in board composition. Shareholder approval is still required before the appointment becomes final.