Board approves Santosh Muchhal as Additional & Non-Executive Independent Director for 05 years
Board of InfoBeans Technologies, at its meeting on October 17, 2026, approved the appointment of Mr. Santosh Muchhal as an Additional & Non-Executive Independent Director w.e.f. 17th October, 2026, for a tenure of 05 years.
By ScoutQuest · · 2 min read
- Appointment Date / Tenure
- appointed w.e.f. 17th October, 2026, for a tenure of 05 years
- New Director Experience
- over 34 years of professional experience; co-founder of Muchhal & Gupta, Chartered Accountants
- Outgoing Director Resignation Reason
- resignation ... due to attainment of the age of 75 years
What the update says
- The Board of Directors of InfoBeans Technologies Limited, in its meeting held on October 17, 2026, approved the appointment of Mr. Santosh Muchhal (DIN: 00645172) as an Additional & Non-Executive Independent Director.
- The appointment is with effect from 17th October, 2026, for a tenure of 05 years.
- The Board also took note of the resignation of Mr. Sumer Bahadur Singh (DIN: 07514667) as a Non-Executive Independent Director, due to attainment of the age of 75 years.
Profile of the new independent director
- A senior member of the Institute of Chartered Accountants of India.
- Over 34 years of professional experience.
- Co-founder of Muchhal & Gupta, Chartered Accountants.
- Currently serves on the Board of Directors of the Indore Management Association.
- Has served as an Independent Director on the boards of several listed and unlisted companies.
What an independent director does
An independent director is a board member who is not part of the company's day-to-day management. This role is meant to bring outside judgement to board decisions and to represent the interests of minority shareholders on matters such as oversight of management and board committees.
How to read the two changes together
- One independent director has been appointed for a fixed tenure of 05 years, and the Board has taken note of another independent director stepping down.
- The outgoing director's stated reason is attainment of the age of 75 years, which is a personal/age-based reason recorded in the update.
- Both are board-composition changes reported to the exchanges under Regulation 30. They do not by themselves change the company's share capital, its business operations or its financials.
What to watch
- Independent directors also sit on committees such as Audit and Nomination & Remuneration, so committee reconstitution may follow board changes.
- The update sets out the outgoing director's reason for resignation, and details of the incoming director's background, including his chartered accountancy practice and past independent directorships.
The financial details of the new appointment, such as remuneration, are not part of this text.
Also from Infobeans Technologies
InfoBeans achieves Select Partner tier in the Claude Partner Network Services Track
21 Oct 2026
Earns EcoVadis Bronze Medal, rated among top 35% of companies assessed globally
20 Oct 2026
Board notes independent director's resignation; appoints Santosh Muchhal as additional independent director
17 Oct 2026
More numbers
- Tenure of appointment as Independent Director05 years
- Professional experience of the incoming directorover 34 years
- Age cited for the outgoing director's resignation75 years
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