Management Change22 May 2026, 09:41 pm
Excel Industries Appoints Mahtabuzzaman as Nominee Director
AI Summary
Excel Industries Ltd has appointed Mr. Mahtabuzzaman as an Additional Director, designated as Nominee Director, effective May 22, 2026, subject to shareholder approval via postal ballot. Mr. Mahtabuzzaman is not related to any existing directors and is not debarred from holding office. He brings over 36 years of experience in the life insurance industry, including a stint with IRDAI. The appointment was decided during a Board meeting held on May 22, 2026.
Key Highlights
- Mr. Mahtabuzzaman appointed as Additional Director (Nominee Director) effective May 22, 2026.
- Appointment is subject to shareholder approval via postal ballot.
- Mr. Mahtabuzzaman has over 36 years of experience in the life insurance sector.
- He is not related to any existing directors and is not debarred from holding office.
- He will be entitled to sitting fees and commission for attending Board meetings.
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