CGCrompton Greaves Consumer Electricals539876Routine director change

Head – Internal Audit, Risk & Control Nikhil Thakkar moves to new role, ceases to be Senior Management Personnel

Mr. Nikhil Thakkar, Head – Internal Audit, Risk & Control and a designated Senior Management Person, is transitioning to a new role within the Company from October 16, 2026.

By ScoutQuest · Thu 15 Oct 2026, 6:58 PM IST · 2 min read

New Role Effective Date

October 16, 2026

Ceases to be SMP

closure of business hours of October 15, 2026

Reason for Change

transition to a new role within the Company, resulting in a change in the internal reporting structure

What the update says

• Mr. Nikhil Thakkar, Head – Internal Audit, Risk & Control and a designated Senior Management Person, is transitioning to a new role within the Company with effect from October 16, 2026.
• This results in a change in the internal reporting structure, and Mr. Thakkar will no longer fall within the definition of Senior Management Personnel as prescribed under Regulation 16(1)(d).
• The update notes that this does not constitute a cessation of employment. Mr. Thakkar will continue to be associated with the Company in his new role under the revised reporting structure.

Formal details in Annexure-A

• Reason for change: transition to a new role within the Company, resulting in a change in the internal reporting structure.
• Date of cessation as SMP: shall cease to be SMP with effect from closure of business hours of October 15, 2026, although continuing as an employee of the Company.
• Brief profile: Not Applicable. Disclosure of relationships between Directors: Not Applicable.

What the Company said about his tenure

• During his tenure as Head – Internal Audit, Risk and Control, Mr. Thakkar played an instrumental role in strengthening the Company's internal audit framework, risk management processes and internal control environment.
• He led several initiatives aimed at enhancing governance standards, improving control effectiveness and fostering a culture of risk awareness across the organisation.
• The Company said his contributions have significantly supported its commitment to robust compliance and operational excellence.

How a retail investor can read this

• This is a change in who is designated as a Senior Management Person, driven by an internal role change rather than an exit. The person continues as an employee of the Company.
• The intimation sets out the reason for the change and the effective date on which the SMP designation ends.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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