Board Appoints Charmi Monil Shah as Additional Non-Executive Independent Director for Five Years
Board Meeting Outcome dated 29 September 2026.
- Appointee Name
- Mrs. Charmi Monil Shah
- DIN
- 11237486
- Position
- Non-Executive Independent Director
- Effective Date
- September 29, 2026
- Term Duration
- Five (5) years
What was decided
The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mrs. Charmi Monil Shah (DIN: 11237486) as an Additional Director designated as a Non-Executive Independent Director, effective September 29, 2026.
The Board further approved her appointment as an Independent Director for a term of five (5) years effective September 29, 2026, subject to the approval of the shareholders as per regulatory requirements. She will not be liable to retire by rotation.
About the appointee
- Described as a seasoned professional with 12 years of experience in audit and surveillance of franchisee and branch operations.
- Stated to be adept at ensuring compliance, streamlining processes and driving operational excellence.
- Not related to any Director of the company, and satisfies the independence criteria under the Companies Act, 2013 and the SEBI Listing Regulations.
- Not debarred from holding the office of Director by any SEBI order or other authority.
Meeting details
The Board meeting commenced at 4:00 p.m. (IST) and concluded at 4:30 p.m. (IST). The intimation is also being made available on the company's website.
How to read it
This is a board composition and governance matter rather than a business or financial development. An independent director with an audit and compliance background joins the Board, with the five-year term still requiring shareholder approval. There is no change to operations, revenue or capital structure arising from this update.
More numbers
- Term of appointment as Independent Directorfive (5 years)
- Appointee's years of experience in audit and surveillance12 years
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