Board Appoints Chartered Accountant as Additional Independent Director; Committees Reconstituted
The Board, at its meeting on September 29, 2026, appointed Mr. Harilal Ratanshibhai Patel (DIN: 11943723) as an Additional Director (Non-Executive, Independent) for a term of 5 consecutive years, effective September 29, 2026.
- Appointee Name
- Mr. Harilal Ratanshibhai Patel
- DIN
- 11943723
- Designation
- Additional Director (Non-Executive, Independent)
- Term
- 5 consecutive years, effective September 29, 2026
- Professional Background
- Fellow Chartered Accountant with over 29 years of experience
What happened
The Board of Directors met on September 29, 2026 (commenced 11:00 A.M., concluded 12:40 P.M.) and approved the appointment of Mr. Harilal Ratanshibhai Patel (DIN: 11943723) as an Additional Director in the Non-Executive, Independent category.
- Term: 5 (five) consecutive years effective from Tuesday, September 29, 2026
- The appointment is subject to the approval of the shareholders
- Shares held in the company: Nil
- He is not related to any other Director of the Company
About the appointee
- Fellow Chartered Accountant (FCA), Institute of Chartered Accountants of India
- In full-time professional practice since February 1997, with over 29 years of professional experience
- Partner of M/s H R Patel and Associates
- Experience spans statutory audit, taxation, corporate finance, financial reporting, regulatory compliance and business advisory, along with internal financial controls and risk assessment
Committee reconstitution
Effective September 29, 2026, three Board committees were reconstituted, with Mr. Harilal Ratanshibhai Patel as Chairman of each and Mr. Jaimish Patel and Ms. Mansi Hardik Shah as members:
- Audit Committee
- Nomination and Remuneration Committee
- Stakeholders' Relationship Committee
All three members in each committee are Non-Executive Independent Directors.
What it means for investors
This is a governance and board-composition change rather than a business or financial event. Adding a practising chartered accountant as chairman of the Audit Committee is generally seen as strengthening financial oversight. The company has also affirmed that the director being appointed is not debarred from holding the office of director by any SEBI order or other authority. Since he joins as an Additional Director, shareholders will need to approve his appointment for the full five-year term.
More numbers
- Term of appointment as Independent Director5 (five) consecutive years
- Professional experience of appointeeover 29 years
- Shares held by appointeeNil
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