Board Committees Reconstituted After Director's Resignation
Board committees reconstituted via circular resolution dated September 26, 2026, after Mr. Prakash Bagla resigned as Director effective close of business on September 18, 2026.
By ScoutQuest · · 1 min read
- Director Resignation Date
- September 18, 2026
- Board Circular Resolution Date
- September 26, 2026
- Audit Committee Chairperson
- Siddharth Bafna
- NRC Chairperson
- Sunaina Primlani Gera
- SRC Chairperson
- Nandita Khurana
What happened
The Board of Directors, through a circular resolution passed on September 26, 2026, approved the reconstitution of three Board committees. This follows the resignation of Mr. Prakash Bagla from the office of Director with effect from the close of business hours on September 18, 2026.
Audit Committee
- Siddharth Nandkishore Bafna, Chairperson, Non-Executive Independent Director
- Sunaina Primlani Gera, Member, Non-Executive Independent Director
- Jawahar Hemrajani, Member, Chairperson and Whole Time Director
Nomination and Remuneration Committee
- Sunaina Primlani Gera, Chairperson, Non-Executive Independent Director
- Siddharth Nandkishore Bafna, Member, Non-Executive Independent Director
- Jawahar Hemrajani, Member, Chairperson and Whole Time Director
Stakeholders Relationship Committee
- Nandita Khurana, Chairperson, Non-Executive Independent Director
- Eshan Jawahar Hemrajani, Member, Managing Director and CEO
- Jawahar Hemrajani, Member, Chairperson and Whole Time Director
What it means for investors
Board committees oversee areas such as financial reporting and audit, director appointments and pay, and investor grievances. When a director leaves, the committees he served on must be refilled so they continue to function with the required composition. All three committees continue to be chaired by Non-Executive Independent Directors. This is an administrative governance change and carries no direct financial impact disclosed here.
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