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Management Change29 Sept 2026, 05:10 pm

Mystic Electronics Appoints Nikhil Rungta as Independent Director for 5 Years

AI Summary

Mystic Electronics Ltd announced the appointment of Mr. Nikhil Rungta as a Non-Executive Independent Director for a term of five years, effective September 29, 2026, until September 28, 2031. The appointment was approved by the company's members at the 15th Annual General Meeting (AGM) held on September 29, 2026. Mr. Rungta, with a BLS LLB qualification and over 13 years of experience in corporate laws and indirect taxes, has no inter-se relationship with existing directors. His appointment is based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors, and he is not debarred from holding directorships by any authority.

Key Highlights

  • Nikhil Rungta appointed as Non-Executive Independent Director.
  • Appointment term is for 5 consecutive years.
  • Approved by members at the 15th Annual General Meeting.
  • Director has 13+ years of experience in corporate laws.
  • No inter-se relationship with existing directors.