SEL Manufacturing Company Limited has informed the Exchange regarding Appointment of Mr Dharminder Pal as Non- Executive Director of the company w.e.f. August 05, 2025.
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SEL Manufacturing has overhauled its board effective August 5, 2025. Three new directors have joined — Ms. Meghna Mahendra Savla and Ms. Menka Rajdev Yadav as Independent Directors, and Mr. Dharminder Pal as a Non-Executive Non-Independent Director. Ms. Savla has also been named Chairperson of the company. The changes follow the resignations of three directors: Mr. Manjit Singh Kochar (who was also Chairperson), Mrs. Seema Singh, and Mr. Dinesh Kumar Mehtani. In a separate move, CFO Mr. Navneet Gupta resigned effective July 31, 2025, and existing Whole-Time Director Mr. Naveen Arora has taken on the additional role of CFO. All four key board committees — Audit, Nomination & Remuneration, Risk Management, and Stakeholders Relationship — have been reconstituted with the new members.
This is a significant governance reshuffle with multiple independent directors exiting simultaneously, which may raise short-term governance stability concerns for shareholders. However, the company has quickly filled the vacancies and installed a new independent chairperson, suggesting orderly succession rather than crisis.