Wheels India Limited has informed the Exchange regarding Outcome of Board Meeting held on March 30, 2026.
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Wheels India Limited's Board of Directors met on March 30, 2026 and accepted the resignation of Mr. S Ram as Chairman and Non-Executive Director, effective the close of business on the same day. The Board then elected Mr. Srivats Ram, the existing Managing Director, as the new Chairman, giving him the combined designation of Chairman and Managing Director effective March 31, 2026. The company confirmed that Mr. Srivats Ram is not debarred from holding the office of Director by SEBI or any other authority. Additionally, the Risk Management Committee was reconstituted by adding Mr. Rishikesha T Krishnan (Independent Director) as a new member, expanding the committee from 6 to 7 members. The Board meeting was held between 10:00 AM and 2:20 PM.
Shareholders should note a leadership transition where the role of Chairman has moved from a Non-Executive Director to the existing Managing Director, combining both top roles in one person. The reconstitution of the Risk Management Committee with an additional Independent Director strengthens the board's oversight structure, which is a positive governance signal.