Orchasp Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026.
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Orchasp Limited's Board of Directors met on March 6, 2026 (3:00 PM to 5:00 PM IST) and approved the appointment of Mr. Ravi Prasad Muthyam (DIN: 06603818) as an Additional Director designated as Independent Director. His term is for 5 years (March 6, 2026 to March 5, 2031), not liable to retire by rotation, and is subject to shareholder approval. Mr. Muthyam is an MBA in Business Management with over 26 years of experience in banking and financial services, including 11 years with banking institutions and 15+ years as a financial consultant; he is currently a Director at Moneytree Corp Consulting India Private Limited. The Board also reconstituted all four key committees (Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR), effective the same day, with Mr. Muthyam being named Chairperson of the Audit Committee.
This is a routine corporate governance announcement with no immediate impact on financials or stock price. Adding an experienced finance professional as an Independent Director and Audit Committee chair may strengthen financial oversight, but the appointment is pending shareholder approval.