Change in designation of Mr. Bhambal Ram Meena from Non-executive Independent Director to Non-Executive Non-Independent Director
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Times Green Energy (India) approved the redesignation of Mr. Bhambal Ram Meena from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective October 17, 2025. He will hold the new designation for one year, up to October 16, 2026. The company stated the change is being made to comply with Sections 149 and 152 of the Companies Act, 2013. Mr. Meena is a retired IAS officer who served as Special Chief Secretary to the Government of Telangana in the Revenue Department.
The board loses one independent director, which reduces the level of independent oversight on the board and may be viewed as a minor negative by governance-focused investors. Since the change is a compliance-driven redesignation rather than a resignation or dispute, it is unlikely to materially move the stock price.