Reconstitution of Audit Committee and Nomination and Remuneration Committee of the board due to resignation and appointment of Independent directors of the company.
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Octal Credit Capital Ltd's Board of Directors reconstituted both the Audit Committee and Nomination and Remuneration Committee effective 21st May 2026. Mr. Mukul Jain and Ms. Sweta Agarwal, both Non-Executive Independent Directors, were appointed as members of both committees. Mr. Mukul Jain was appointed as Chairman of both committees. They replaced Mr. Shambhu Nath Jajodia and Mr. Bijay Kumar Bagri. The new composition of both committees includes Mr. Mukul Jain (Chairman), Ms. Sweta Agarwal (Member), and Mr. Dilip Kumar Patni (Promoter - Non Executive Member).
This is a routine governance update reflecting changes in committee composition. The replacement of committee members with new independent directors may bring fresh perspectives to oversight functions, but does not indicate any fundamental change in company operations or financial health.