Shareholders Approve Appointment of K N Mahesh Kumar as Non-Executive Independent Director
Members at the AGM held on September 28, 2026 approved the appointment of Mr. Kedarisetty Naga Mahesh Kumar as a Non-Executive Independent Director, not liable to retire by rotation, for a term of five consecutive years from September 28.
- Director Name
- Mr. Kedarisetty Naga Mahesh Kumar
- Position
- Non-Executive Independent Director
- Term
- Five consecutive years from September 28, 2026 to September 27, 2031
- Experience
- Over 50 years of professional experience in finance, taxation, legal and corporate governance
- Meeting Date
- September 28, 2026
What happened
At the Annual General Meeting held on Monday, September 28, 2026, members of the company approved the appointment of Mr. Kedarisetty Naga Mahesh Kumar as a Non-Executive Independent Director, not liable to retire by rotation.
- Term: five consecutive years, from September 28, 2026 to September 27, 2031
- Recommended by the Nomination and Remuneration Committee and the Board
- Members also approved his continuation as a Non-Executive Director beyond the age of 75 years, without needing further shareholder approval under Regulation 17(1A)
Background of the appointee
- B.Com from KBN College, Vijayawada; Qualified Cost Accountant (ICMAI); MBA in Finance from Osmania University
- Over 50 years of professional experience across finance, taxation, legal and corporate governance
- Associated with the RPG group and RPSG group for more than 30 years
- Served as Chief Financial Officer of Spencer & Company Limited
- Has served as Independent Director and board advisor in various group companies
What it means for investors
This is a board-composition change rather than a change in the company's business or operations. The company states he is not related to any Director and satisfies the independence criteria under the Companies Act, 2013 and SEBI Listing Regulations.
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More numbers
- Term of appointmentfive consecutive years
- Age threshold under Regulation 17(1A)75 years
- Professional experienceover 50 years
- Years with RPG and RPSG groupsmore than 30 years
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