Intimation for appointment of Additional (Non-Executive) Independent Director under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
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Systematic Industries Ltd has appointed Mr. Gunjan Saboo (DIN: 01991242) as an Additional (Non-Executive) Independent Director on its board with effect from March 20, 2026. His term is for 5 years, running until March 19, 2031, and is subject to shareholder approval. Mr. Saboo brings 27 years of board-level experience across chemical, energy solutions, electricity, gas, and water supply sectors, and holds postgraduate degrees in Biotechnology, Biochemistry, and Business Management. The appointment was made on the recommendation of the Nomination and Remuneration Committee, and the company confirmed he meets SEBI's independence criteria and is not debarred from holding a director position.
This is a routine governance update that strengthens the board with an experienced independent director. It is unlikely to have a material impact on the stock price, but shareholders will need to approve the appointment at a general meeting.