Board recommends two director appointments and one Independent Director re-appointment
Board recommends: Mohan Narayan Menon as Independent Director (2 years); re-appointment of Bhagya Chandra Rao as Independent Director (5 years from May 30, 2027); Raksha Mally (daughter of Executive Chairman.
By ScoutQuest · · 2 min read
- Independent Director term
- Mohan Narayan Menon as Independent Director for 2 years
- Re-appointment term
- Bhagya Chandra Rao as Independent Director for 5 years from May 30, 2027
- Approval route
- Subject to shareholder approval via postal ballot
What was approved
The Board met on November 3, 2026 and, based on the Nomination and Remuneration Committee's advice, recommended three board changes to shareholders. None takes effect until shareholders approve them through a postal ballot, details of which will follow.
1. Mohan Narayan Menon - Independent Director:
- Term of 2 (two) years, effective from the date of shareholder approval.
- Aged 78 years; graduate in Metallurgical Engineering (M S University, Baroda) and Master's in Management (Jamnalal Bajaj Institute, Mumbai University), plus a short International Management course at INSEAD Singapore.
- Over 50 years of experience in packaging, mainly closures, plastic containers and packaging accessories.
- Currently associated with Fibre Foils Limited and APC Nutrients Private Limited.
- No relationship with existing directors.
2. Bhagya Chandra Rao - Re-appointment as Independent Director:
- Second term of 5 years from May 30, 2027.
- Expertise in business transformation, strategy, sales and marketing, supply chain, ERP, manufacturing and technology management, and board functioning.
- No relationship with existing directors.
3. Raksha Mally - Director:
- Effective from the date of shareholder approval.
- Aged 52 years; B.Com. from Narsee Monjee College, Mumbai.
- Partner at Anoma, a Bangalore-based lifestyle products and pop-up exhibitions brand, with over a decade of experience in brand curation, sourcing and merchandising. Also an oil painting artist.
- She is the spouse of Mr. Praveen Vittal Mally, Joint Managing Director, and daughter of Mr. Diwakar Sanku Shetty, Executive Chairman.
What it means
The board gains packaging-industry experience through Mr. Menon and continuity through Mr. Rao's re-appointment. Mrs. Mally's appointment adds another member of the promoter family to the board, which some investors may watch from a governance angle.
The company confirmed that none of the three is debarred from holding the office of director by SEBI or any other authority.
Also from Shetron
Board recommends appointment of 2 directors and re-appointment of an Independent Director
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
- Menon Independent Director term2 (two) years
- Rao re-appointment term5 years
- Menon age78 years
- Menon packaging experienceover 50 years
- Raksha Mally age52 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.