StockWatch
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Power Generation
Management Change29 Oct 2026, 05:51 pm

Globus Constructors Appoints Devesh Bhargava, Accepts Nair's Resignation

AI Summary

Globus Constructors & Developers Ltd announced that its Board of Directors, in a meeting held on October 29, 2026, approved the appointment of Mr. Devesh Bhargava as an Additional Non-Executive Independent Director for a term of five years, subject to member approval. Mr. Bhargava, an IIT Roorkee and IIM Bangalore alumnus with extensive experience in corporate restructuring and investment banking, will hold office until regularization. The Board also accepted the resignation of Mr. Thamattoor Prabhakaran Nair from the position of Independent Director, effective October 30, 2026, due to personal reasons and other professional commitments.

Key Highlights

  • Devesh Bhargava appointed Non-Executive Independent Director for 5 years.
  • Mr. Bhargava brings expertise in corporate restructuring and investment banking.
  • Thamattoor Prabhakaran Nair resigns as Independent Director.
  • Resignation effective October 30, 2026, due to personal commitments.
  • Appointments and resignations approved by the Board of Directors.