Orkla India544595Board structure update

Board reconstitutes Nomination & Remuneration and Stakeholders Relationship Committees

Orkla India's Board approved reconstitution of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee.

By ScoutQuest · Tue 27 Oct 2026, 6:30 PM IST · 2 min read

Committee Reconstitution Approved: reconstitution of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee
Chairman Resignation Effective: close of business hours on October 26, 2026
New Chairperson Appointment Effective: October 27, 2026

What the update says

Orkla India's Board of Directors, through a circular resolution passed on October 27, 2026, approved the reconstitution of two committees — the Nomination and Remuneration Committee (NRC) and the Stakeholders Relationship Committee (SRC). The reconstitution follows the resignation of Mr. Atle Vidar Nagel Johansen as Chairman & Non-Executive (Non-Independent) Director, with effect from the close of business hours on October 26, 2026. Ms. Maria Syse-Nybraaten, presently a Non-Executive (Non-Independent) Director, was appointed Chairperson on the Board with effect from October 27, 2026.

New Nomination and Remuneration Committee

Mr. Amit Jain, Non-Executive Independent Director — Chairperson
Ms. Maria Syse-Nybraaten, Chairperson of the Board & Non-Executive (Non-Independent) Director — Member
Ms. Meena Ganesh, Non-Executive Independent Director — Member

New Stakeholders Relationship Committee

Mr. Per Haavard Skiaker Maelen, Non-Executive (Non-Independent) Director — Chairperson
Ms. Meena Ganesh, Non-Executive Independent Director — Member
Ms. Maria Syse-Nybraaten, Chairperson of the Board & Non-Executive (Non-Independent) Director — Member
Mr. Sanjay Sharma, Managing Director & CEO – Executive Director — Member

Effective date

The revised composition of both committees is effective from the close of business hours of October 26, 2026, as stated in the update.

Why these two committees matter

The Nomination and Remuneration Committee deals with matters such as identifying and recommending director appointments, and with remuneration-related decisions for directors and senior management.
The Stakeholders Relationship Committee deals with shareholder and investor grievances and related stakeholder matters.

In both committees, the chairperson's role has moved — the NRC is now chaired by an independent director, Mr. Amit Jain, while the SRC is chaired by Mr. Per Haavard Skiaker Maelen, a Non-Executive (Non-Independent) Director.

What this means for a retail shareholder

This is a change in who sits on two board-level committees, following a change in the Chairperson of the Board. The update sets out only the new committee composition and the effective date; it does not set out any change to the company's business, financials or capital structure. The company has asked the exchanges to take the intimation on record.

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