StockWatch
·
Power Generation
Management Change29 Oct 2026, 05:11 pm

Globus Constructors Appoints Devesh Bhargava as Independent Director

AI Summary

Globus Constructors & Developers Ltd announced that its Board of Directors has approved the appointment of Mr. Devesh Bhargava as an Additional Non-Executive Independent Director for a term of five years, effective October 29, 2026, until October 28, 2031. This appointment is subject to member approval. The board also accepted the resignation of Mr. Thamattoor Prabhakaran Nair as Independent Director, effective October 30, 2026, due to personal and professional commitments. Mr. Bhargava brings extensive experience in corporate restructuring, turnaround management, and investment advisory, having previously held leadership positions at Lehman Brothers India and Bank of America.

Key Highlights

  • Devesh Bhargava appointed as Independent Director for five years.
  • Appointment is subject to shareholder approval.
  • Thamattoor Prabhakaran Nair resigns as Independent Director.
  • Resignation is due to personal and professional commitments.
  • Bhargava has a strong background in finance and restructuring.