Announced Tue, 31 Mar · 15:24 IST

Outcome of Board Meeting

Management Changes View source PDF

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AI summary

Welterman International's board, at its meeting on March 31, 2026, approved three key changes. First, Ms. Poonam Khetle was appointed as the new Chief Financial Officer; she is a Commerce graduate with over 7 years of experience in corporate finance, taxation, and audit. Second, Ms. Shruti Gupta (DIN: 08569311) was appointed as an Additional Non-Executive Independent Director for a 5-year term (March 31, 2026 to March 30, 2031), subject to shareholder approval; she is a Practicing Company Secretary with 11+ years of experience in corporate law and governance. Third, the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were reconstituted to reflect the new board composition.

Likely market impact

This is a routine governance update with the induction of a new CFO and an independent director, which may strengthen financial oversight and compliance. The reconstitution of key board committees ensures alignment with regulatory requirements. No negative signals for shareholders, though shareholder approval is pending for the independent director's appointment.