USHAMART: Usha Martin Limited has informed the Exchange about change in Management.
USHAMART · price
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Usha Martin Limited's Board meeting on May 26, 2026 approved several key changes. Three new Additional Directors were appointed: Ms. Shreya Jhawar (daughter of Managing Director Mr. Rajeev Jhawar), Mr. Dimitri Bracco Gartner (CEO of Usha Martin International), and Mr. Sabyasachi Majumder (head of Middle East operations). Additionally, two Independent Directors - Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi - were reappointed for second 5-year terms. The company also appointed M/s. MSKA & Associates LLP as new statutory auditors for 5 years, replacing M/s. S R Batliboi & Co. LLP who are completing their term. All appointments are subject to shareholder approval.
The appointment of three operational leaders to the board, including a promoter family member, suggests a focus on strengthening governance with internal talent. The Shreya Jhawar appointment may signal succession planning within the promoter family. The auditor change is routine as the previous auditors completed their tenure.