Samvardhana Motherson International Limited has informed the exchange regarding appointment of Mr. Dinesh Kumar Khara as Non-Executive Independent Director of the Company with effect from September 25, 2025.
MOTHERSON · price
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Samvardhana Motherson International has appointed Mr. Dinesh Kumar Khara as an Additional Director and Non-Executive Independent Director for a 5-year term from September 25, 2025 to September 24, 2030, subject to shareholder approval. Mr. Khara is a former Chairman of State Bank of India (October 2020 to August 2024) with nearly 40 years of banking experience across domestic and international operations. He previously served as Managing Director (Global Banking and Subsidiaries) at SBI and led the merger of five associate banks and Bharatiya Mahila Bank with SBI. The appointment was recommended by the Nomination and Remuneration Committee and approved at a board meeting held on September 25, 2025. Mr. Khara is not related to any existing directors and is not debarred from holding directorship by any authority.
The addition of a high-profile former SBI Chairman brings deep financial, risk management, and governance expertise to the board, which is generally viewed positively by shareholders. Independent director appointments of this stature may enhance board credibility but have limited direct impact on short-term stock price.