Management Change7 May 2026, 09:21 pm
NOCIL Appoints Sanjiv Lal & Sabyaschi Patnaik as Independent Directors
AI Summary
NOCIL Ltd's board, on May 7, 2026, appointed Sanjiv Lal and Sabyaschi Patnaik as Additional Directors designated as Independent Directors, subject to shareholder approval. Hrishikesh Arvind Mafatlal was re-appointed as Executive Chairman for 5 years starting August 19, 2026, also subject to shareholder approval. Vilas R. Gupte's tenure as Independent Director concludes on May 26, 2026, as he will not seek reappointment.
Key Highlights
- Sanjiv Lal and Sabyaschi Patnaik appointed as Additional Independent Directors effective May 7, 2026.
- Hrishikesh Arvind Mafatlal re-appointed as Executive Chairman for 5 years from August 19, 2026.
- Vilas R. Gupte's term as Independent Director ends on May 26, 2026.
- Appointments and re-appointment are subject to shareholder approval at the 64th AGM.
- Directors are not debarred by SEBI from holding office.
Price Impact
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