Board recommends appointment of 2 directors and re-appointment of an Independent Director
Shetron's board, at its meeting on November 3, 2026, recommended three board-level changes.
By ScoutQuest · · 2 min read
- Board Meeting Date
- November 3, 2026
- Independent Director Appointment Term
- 2 (two) years
- Independent Director Re-appointment Term
- 5 (five) years, proposed with effect from May 30, 2027
The board of Shetron Limited met on November 3, 2026 and, on the recommendation of its Nomination and Remuneration Committee, approved three proposals relating to its directors. Each will now go to shareholders for approval through a postal ballot.
Three proposals
- Mr. Mohan Narayan Menon has been recommended for appointment as an Independent Director for a period of 2 (two) years. His appointment takes effect from the date shareholders approve it. He is 78 years old, a metallurgical engineering graduate from M S University, Baroda, with a Master's degree in Management from Jamnalal Bajaj Institute of Management, Mumbai University, and a three-week specialised course in International Management from INSEAD Singapore. He has over 50 years of experience in packaging, mainly closures, plastics containers and other packaging accessories, and is associated with Fibre Foils Limited and APC Nutrients Private Limited.
- Mr. Bhagya Chandra Rao has been recommended for re-appointment as an Independent Director for a term of 5 (five) years, proposed to take effect from May 30, 2027, subject to shareholder approval. The profile cites expertise in business transformation, strategy, sales and marketing, supply chain, enterprise resource planning, manufacturing and technology management.
- Mrs. Raksha Mally has been recommended for appointment as a Director, effective from the date shareholders approve. The update's subject line describes the post as that of a Non-Executive Non Independent Director. She is 52 years old, a B.Com. graduate from Narsee Monjee College of Commerce, Mumbai, and a partner at Anoma, a Bangalore-based brand in lifestyle products and premium pop-up exhibitions, with over a decade of experience in brand curation, sourcing, merchandising and client engagement in the lifestyle and retail sector. She is also an oil painter.
Relationship disclosure
The update states that Mrs. Raksha Mally is the spouse of Mr. Praveen Vittal Mally, Joint Managing Director, and the daughter of Mr. Diwakar Sanku Shetty, Executive Chairman of the Company. For the other two appointments, the relationship field is marked NA.
What happens next
- All three items will be placed before shareholders for approval through a postal ballot.
- Details of the postal ballot will be submitted in due course.
- The appointments of Mr. Menon and Mrs. Mally become effective only on the date shareholders approve them.
- Mr. Rao's re-appointment is proposed from May 30, 2027, subject to that approval.
The update also confirms that none of the three is debarred from holding the office of Director by virtue of any SEBI order or any order of any other authority.
How to read it
This is a board-composition disclosure. Two of the proposals concern independent directors, one a fresh appointment for a fixed two-year term and one a re-appointment for five years from May 30, 2027. The third adds a director who is the spouse of the Joint Managing Director and the daughter of the Executive Chairman. The outcome of each proposal depends on the postal ballot result, which the update says will be informed separately.
Also from Shetron
Board recommends two director appointments and one Independent Director re-appointment
3 Nov 2026
Board approves unaudited Q2 and H1 results; auditor review finds no material misstatement
3 Nov 2026
Board meeting on 3 November 2026 to consider unaudited results for the quarter and half year ended 30 September 2026
28 Oct 2026
More numbers
- Term of recommended appointment as Independent Director (Mr. Menon)2 (two) years
- Term of recommended re-appointment as Independent Director (Mr. Rao)5 (five) years
- Age of Mr. Mohan Narayan Menon78 years
- Experience of Mr. Mohan Narayan Menonover 50 years
- Age of Mrs. Raksha Mally52 years
- Experience of Mrs. Raksha Mally in lifestyle and retailover a decade
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