StockWatch
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Power Generation
Management Change29 Oct 2026, 05:23 pm

Globus Constructors: Independent Director Resigns

AI Summary

Globus Constructors & Developers Ltd announced that the Board of Directors has approved the resignation of Mr. Thamattoor Prabhakaran Nair from the position of Non-Executive Independent Director, effective close of business hours on October 30, 2026. The resignation is due to personal reasons and other professional commitments. Concurrently, the Board also approved the appointment of Mr. Devesh Bhargava as an Additional Non-Executive Independent Director for a term of five years, subject to member approval.

Key Highlights

  • Independent Director Mr. Thamattoor Prabhakaran Nair has resigned.
  • Resignation is effective October 30, 2026, due to personal reasons.
  • Mr. Devesh Bhargava appointed as Additional Non-Executive Independent Director.
  • Mr. Bhargava's appointment is for five years, subject to member approval.