Board clears 3 new independent directors, re-appoints MD and WTDs

Multiple Ind Directors ResignedManagement Changes View source PDF

JAIPURKURT · price

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AI summary

Board noted completion of tenure for 3 independent directors (Gagan Saboo, Gourav Jain, Neetesh Kabra) on 14 Aug 2026 after two 5-year terms. Three new independent directors (Nupur Khandelwal, Pranay Maheshwari, Megha Khandelwal) will be appointed for 5 years from 15 Aug 2026, subject to shareholder approval via postal ballot. Mr. Anuj Mundhra re-appointed as MD and Mrs. Vandana Mundhra and Mrs. Sunita Devi Mundhra re-appointed as WTDs for 5 years till 14 Aug 2031. All three Mundhras are related family members. Committees to be reconstituted.

Likely market impact

Routine board refreshment. Promoter family Mundhra continues to lead. New independent directors add finance and compliance expertise.