StockWatch
·
Non Banking Financial Company (NBFC)
Management Change12 Aug 2026, 06:30 pm

Saraswati Commercial re-appoints Vallabh Prasad Biyani as Independent Director

AI Summary

Saraswati Commercial India Ltd announced the re-appointment of Mr. Vallabh Prasad Biyani as a Non-Executive Independent Director for a second term of 5 years. This decision, recommended by the Nomination & Remuneration Committee, was approved by the Board of Directors on August 12, 2026. The re-appointment is effective from February 11, 2027, to February 10, 2032, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Biyani, a Chartered Accountant with over 40 years of experience in finance and accounts, is not related to any other director on the board and is not debarred from holding a director's office by any authority.

Key Highlights

  • Mr. Vallabh Prasad Biyani re-appointed as Non-Executive Independent Director.
  • Second term of 5 years, effective February 11, 2027.
  • Subject to shareholder approval at the ensuing AGM.
  • Mr. Biyani has over 40 years of experience in finance and accounts.
  • Not related to any other director on the board.