Gaurav Swarup Re-appointed CMD of Industrial & Prudential for 5 Years

The Board of Directors of Industrial & Prudential Investment Company Ltd, based on recommendations from the Nomination & Remuneration Committee and Audit Committee, has approved the re-appointment of Mr. Gaurav Swarup as Chairman and Managing Director. His new term will commence from February 1, 2027, and extend for five years until January 31, 2032. This re-appointment is subject to the approval of the company's members through a Special Resolution via Postal Ballot. Mr. Swarup, aged 69, will continue in office upon attaining the age of 70, as previously approved by members at the AGM on August 20, 2026. The company also approved its unaudited financial results for the quarter and half-year ended September 30, 2026.