Two Non-Executive Independent Directors appointed as Additional Directors for two-year terms
Board approved the appointment of Mr. Omprakash Ugamraj Bhandari (age 73, Chartered Accountant) and Mrs. Bhavi Shreyans Shah (age 43, Fellow Chartered Accountant and Insolvency Professional) as Additional Directors.
- First Appointee Name & Age
- Mr. Omprakash Ugamraj Bhandari, age 73
- First Appointee Designation
- Additional Director, Non-Executive Independent Director
- Second Appointee Name & Age
- Mrs. Bhavi Shreyans Shah, age 43
- Second Appointee Designation
- Additional Director, Non-Executive Independent Director
- Term & Effective Date
- First term of 2 consecutive years w.e.f. September 30, 2026
What happened
The Board of Directors met on September 30, 2026 (18:00 to 20:35) and, on the recommendation of the Nomination and Remuneration Committee, approved two board appointments.
- Mr. Omprakash Ugamraj Bhandari (DIN: 00056458), age 73, appointed as Additional Director designated Non-Executive Independent Director, first term of 2 consecutive years with effect from September 30, 2026, subject to approval of the Members.
- Mrs. Bhavi Shreyans Shah (DIN: 09850520), age 43, appointed as Additional Director designated Non-Executive Independent Director, first term of 2 consecutive years with effect from September 30, 2026, subject to approval of the Members.
Backgrounds
- Mr. Bhandari has more than 32 years of varied experience in auditing, taxation, merchant banking and financial matters, as a practicing Chartered Accountant working with prominent industry groups in Ahmedabad and elsewhere in Gujarat and Rajasthan.
- Mrs. Shah is a Fellow Chartered Accountant and Insolvency Professional with knowledge in auditing, accounting, taxation, finance and insolvency law.
Other points
- Both are confirmed to satisfy the independence criteria under the Companies Act, 2013 and the Listing Regulations.
- Neither is debarred from holding the office of director by any order of SEBI or other authority.
- Neither is related to other directors on the Board.
- The Board also considered and approved other matters as per the agenda.
What it means for investors
These are governance-related additions bringing finance, audit and insolvency expertise to the Board. The appointments take effect immediately as Additional Directors but require shareholder approval to continue.
More numbers
- Term of appointment (each director)2 (two) consecutive years
- Age of Mr. Omprakash Ugamraj BhandariAge-73
- Experience of Mr. Bhandarimore than 32 years
- Age of Mrs. Bhavi Shreyans ShahAge: 43
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