StockWatch
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Garments & Apparels
Management Change21 Apr 2026, 05:11 pm

Indian Terrain Fashions Board Appoints New Director, Re-appoints Key Executives

AI Summary

Indian Terrain Fashions Ltd's Board of Directors, at its meeting on April 21, 2026, approved several key management changes. Mr. J Suresh was appointed as an Additional Non-Executive, Independent Director for a five-year term, effective immediately. The Board also re-appointed Mr. Venkatesh Rajagopal as Executive Chairman and Whole-time Director, and Mr. Charath Ram Narsimhan as Managing Director & CEO, both for a period of three years starting August 8, 2026, with revised remuneration. All these appointments and re-appointments are subject to shareholder approval through a postal ballot, for which April 24, 2026, has been fixed as the cut-off date. Additionally, the Audit Committee and Nomination & Remuneration Committee were re-constituted, with Mr. J Suresh joining both committees.

Key Highlights

  • Mr. J Suresh appointed as Independent Director for 5 years.
  • Executive Chairman Mr. Venkatesh Rajagopal re-appointed for 3 years.
  • MD & CEO Mr. Charath Ram Narsimhan re-appointed for 3 years.
  • Board committees (Audit, NRC) re-constituted with new independent director.
  • Shareholder approval for changes to be sought via postal ballot.