NIBE Limited has informed the Exchange regarding Appointment of Mr Rajagopalan Madhavan as Non- Executive Independent Director of the company w.e.f. March 25, 2026.
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NIBE Limited has appointed Mr. Rajagopalan Madhavan (DIN: 08209860) as a Non-Executive Independent Director of the company, effective March 25, 2026, for a term of five years. The appointment is subject to shareholder approval and was recommended by the Nomination and Remuneration Committee. Mr. Madhavan is a Mechanical Engineer from NIT Raipur and holds an M.Tech from IIT Madras. He previously served as the Chairman and Managing Director of Hindustan Aeronautics Limited (HAL). He is not debarred by SEBI from holding a directorship and has no inter-se relations with other directors or KMPs of the company.
This is a routine board strengthening move. The appointment of a former HAL chief brings significant aerospace and defence sector experience to the board, which could be strategically relevant for investors. No direct impact on stock price is expected from this governance change alone.