SEL Manufacturing Company Limited has informed the Exchange regarding Appointment of Ms Menka Rajdev Yadav as Non- Executive Independent Director of the company w.e.f. August 05, 2025.
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SEL Manufacturing has undergone a major board overhaul effective August 5, 2025. Three new directors have been appointed: Ms. Meghna Mahendra Savla (Independent Director and new Chairperson), Ms. Menka Rajdev Yadav (Independent Director), and Mr. Dharminder Pal (Non-Executive, Non-Independent Director). Three directors stepped down — Mr. Manjit Singh Kochar (former Independent Director and Chairperson), Mrs. Seema Singh (Independent Director), and Mr. Dinesh Kumar Mehtani (Director). The Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, and Stakeholders Relationship Committee have all been reconstituted with the new members. Additionally, Mr. Navneet Gupta resigned as CFO and Key Managerial Personnel effective July 31, 2025, and existing Whole-Time Director Mr. Naveen Arora has been appointed as the new CFO.
The simultaneous resignation of the Chairperson, another independent director, and the CFO points to significant leadership churn, which may raise governance concerns among investors. However, the prompt appointment of a new CFO and reconstitution of all key committees should help stabilise operations. Shareholders should watch for any further disclosures explaining the reasons behind the resignations.