Global Vectra Helicorp532773Board structure update

Board approves reconstitution of Audit, Nomination & Remuneration and Risk Management Committees

Board approved reconstitution of Audit, Nomination & Remuneration and Risk Management Committees, effective October 26, 2026.

By ScoutQuest · Mon 26 Oct 2026, 7:10 PM IST · 2 min read

Reconstitution Effective Date: October 26, 2026
Audit Committee Chair: Vinay Goyal (Independent Director)
Nomination & Remuneration Committee Chair: Lt. Gen. Manjinder Singh Buttar (Retd.), Independent Director

Committee reshuffle at the top

The Board of Directors of the company, through a circular resolution passed on October 26, 2026, approved the reconstitution of three committees — Audit, Nomination and Remuneration, and Risk Management — effective from October 26, 2026.

Audit Committee

Mr. Vinay Goyal — Chairman, Independent Director
Mr. Hemang Rishi — Member, Non-Executive Director
Lt. Gen. Manjinder Singh Buttar (Retd.) — Member, Independent Director

Nomination and Remuneration Committee

Lt. Gen. Manjinder Singh Buttar (Retd.) — Chairman, Independent Director
Mr. Vinay Goyal — Member, Independent Director
Ms. Rati Rishi — Member, Non-Executive Director

Risk Management Committee

Lt. Gen. Sarab Jot Singh Saighal (Retd.) — Chairman, Executive Director
Ms. Rati Rishi — Member, Non-Executive Director
Lt. Gen. Manjinder Singh Buttar (Retd.) — Member, Independent Director
Mr. Michael Lewis Edwin Barber — Member, CEO

What this tells you

The Audit Committee has 3 members, two of them Independent Directors, and is chaired by an Independent Director.
The Nomination and Remuneration Committee also has 3 members, two of them Independent Directors, and is chaired by an Independent Director.
The Risk Management Committee has 4 members and is chaired by an Executive Director; it includes the CEO and two Non-Executive Directors.
Lt. Gen. Manjinder Singh Buttar (Retd.) sits on all three reconstituted committees, and Ms. Rati Rishi sits on two.

How to read a committee reconstitution

These committees do the behind-the-scenes work of a board — the Audit Committee oversees financial reporting and audits, the Nomination and Remuneration Committee handles board and senior management appointments and pay, and the Risk Management Committee reviews the company's risk framework. A reconstitution changes who sits on these committees, not the company's business operations, revenue or borrowings. For a retail investor, the useful check is whether the Audit Committee and the Nomination and Remuneration Committee continue to be led by Independent Directors, which is the case here as stated in the update.

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