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Management Change25 Jun 2026, 09:00 pm

PPAP Automotive Appoints Meeta Makhan as Additional Independent Director

AI Summary

PPAP Automotive Ltd announced the appointment of Mrs. Meeta Makhan as an Additional Director (Independent) to its Board, effective June 25, 2026. This appointment, recommended by the Nomination and Remuneration Committee, is subject to shareholder approval and is for a term of two consecutive years, concluding on June 24, 2028. Mrs. Makhan brings over 25 years of experience in the banking and financial services sector, having held senior leadership roles at institutions like Citibank and Standard Chartered Bank. She also serves on the boards of other listed entities and founded Doundo Services Private Limited. Her appointment also led to a reconstitution of the company's Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

Key Highlights

  • Meeta Makhan appointed Additional Director (Independent) from June 25, 2026.
  • Appointment is for a two-year term, subject to shareholder approval.
  • Makhan has extensive experience in banking and financial services.
  • Board committees, including Audit and NRC, have been reconstituted.
  • Makhan is not related to any existing director on the board.