Management Change5 Nov 2026, 09:02 pm
Karamtara Engineering Appoints Ajoy Mehta, Sanjeeb Chaudhuri as Independent Directors
AI Summary
Karamtara Engineering Limited announced the appointment of Mr. Ajoy Mehta and Mr. Sanjeeb Chaudhuri as Additional Directors (Non-Executive Independent Directors) effective November 05, 2026, for a term of five years, subject to shareholder approval. Mr. Mehta brings extensive experience in governance, infrastructure, and energy sectors, having served as Chief Secretary of Maharashtra. Mr. Chaudhuri is an experienced business leader with over five decades in banking and financial services, currently serving as Chairman of IDFC FIRST Bank. The company also disclosed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Ajoy Mehta and Sanjeeb Chaudhuri appointed as Non-Executive Independent Directors.
- Appointments are for a term of five consecutive years.
- Both directors are independent and not related to existing company directors.
- Financial results for Q2 FY27 were also approved.
- The appointments are subject to shareholder approval.
Price Impact
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