Network18 Media & Investments Limited has informed the Exchange regarding Change in Director(s) of the company.
NETWORK18 · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Network18 Media & Investments has appointed Mr. Raj Kumar Jain (DIN 01741527) as an Additional Director designated as Independent Director for a 5-year term from March 25, 2026 to March 24, 2031, subject to shareholder approval. Mr. Jain, aged 67, is a veteran corporate professional who was formerly the CEO of The Times of India Group and led Walmart's entry into India through its joint venture with Bharti. He also previously served as MD & CEO of Whirlpool India and held senior roles at Hindustan Lever and Whirlpool Corporation in Shanghai. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on March 25, 2026. Mr. Jain is not related to any existing director and is not debarred by SEBI from holding a directorship.
This is a routine independent director appointment that strengthens the board with a senior media and retail industry veteran. The move is unlikely to have any material impact on the stock price but adds experienced oversight to the board, which is standard governance practice.