Management Change19 Jun 2026, 05:10 pm
Nibe Ltd Appoints Rajagopalan Madhavan as Independent Director
AI Summary
Nibe Limited announced the appointment of Mr. Rajagopalan Madhavan as an Independent Director, effective March 25, 2026, for a term of five years. This appointment was approved by the company's members via special resolution following a postal ballot. Mr. Madhavan, a Mechanical Engineer with an M. Tech from IIT Madras and former CMD of Hindustan Aeronautics Limited, is not related to any existing directors and has no disqualifications from SEBI or other authorities. His appointment aligns with SEBI Listing Regulations.
Key Highlights
- Rajagopalan Madhavan appointed as Independent Director.
- Appointment effective March 25, 2026, for a 5-year term.
- Members approved the appointment via special resolution.
- Mr. Madhavan has a strong background, including former CMD of HAL.
- No relationship with existing directors; no disqualifications.
Price Impact
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