Announced Fri, 17 Oct · 19:20 IST

Change in designation of Mr. Bhambal Ram Meena (DIN: 01595009) from Non - Executive Independent Director to Non - Executive Non Independent Director of the Company.

Director Flagged GovernanceManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Times Green Energy (India) Ltd has redesignated Mr. Bhambal Ram Meena (DIN: 01595009) from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective October 17, 2025. The change is being made to comply with Section 149 and 152 of the Companies Act, 2013, which likely relates to the maximum tenure limits for independent directors. Mr. Meena will serve in the new role for a one-year term, until October 16, 2026. He has a government administration background, having served as Special Chief Secretary (Revenue) in Telangana. The board meeting was held at the registered office and concluded at 4:30 PM on the same day.

Likely market impact

This reduces the count of independent directors on the board, which may weaken independent oversight — shareholders should monitor whether the company still meets the minimum independent director requirements. The stated reason suggests a routine regulatory compliance transition rather than a sudden governance concern.