Considered and approved the appointment of Ms. Jayalakshmi Jairam as an Additional Independent Director; Considered and approved the revision in the payment of managerial remuneration ....
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The board approved the appointment of Ms. Jayalakshmi Jairam as an Additional Independent Director for a 5-year term starting March 1, 2026, subject to shareholder approval. She is a senior finance and operations professional with over 27 years of experience across sectors like API manufacturing, specialty chemicals, and textiles. The board also revised managerial remuneration for three key executives: Mr. Amey Saxena (Managing Director), Mr. Ratul Lahiri (Executive Director), and Mr. Vivek Kumar (Director & CFO), subject to shareholder approval. Sitting fees for Independent Directors were also revised. Board committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted, with Ms. Jairam being added to all three committees.
No negative impact on shareholders. The director appointment strengthens board independence, while revised remuneration for top executives (including the CFO) may marginally raise operating costs but signals continuity in the senior leadership team.