MD passes away; Balram Viswanathan named new Chairman & MD
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board noted the demise of Managing Director Shri Umesh B. Sandu, who passed away on 19 June 2026. Dr. Neeti Madan Kapre was appointed as Additional Non-Executive Independent Director for 5 years from 11 July 2026. Shri Balram Viswanathan was redesignated from Chairman and Non-Executive Independent Director to Chairman and Managing Director for 3 years, subject to shareholder approval. Board committees were reconstituted and the Vigil Mechanism Policy was updated.
Leadership transition after the sudden loss of the Managing Director may cause short-term uncertainty; experienced insider takes over as CMD to maintain continuity.