Management Change28 May 2026, 10:31 pm
Board Re-appoints Heramb Hajarnavis & Gangapriya Chakraverti as Independent Directors
AI Summary
The Board of Directors of India Nippon Electricals Ltd, at their meeting on May 28, 2026, approved the re-appointment of Mr. Heramb R Hajarnavis and Ms. Gangapriya Chakraverti as Independent Directors for a second five-year term, effective August 10, 2026, pending shareholder approval. The Board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified opinion. Additionally, the 41st Annual General Meeting is scheduled for July 30, 2026, and the re-appointment of Mr. K Suryanarayanan as Cost Auditor and the appointment of M/s PKF Sridhar & Santhanam LLP as Internal Auditors for FY 2026-27 were also approved.
Key Highlights
- Board approved re-appointment of two Independent Directors for a second 5-year term.
- Mr. Heramb R Hajarnavis and Ms. Gangapriya Chakraverti's terms start August 10, 2026.
- Shareholder approval is required at the upcoming Annual General Meeting.
- Audited Q4 and FY26 financial results were approved with unmodified opinion.
- Cost Auditor and Internal Auditors were also re-appointed/appointed for FY26-27.
Price Impact
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