Supreme Holdings Appoints Rishabh Jalan as Additional Independent Director
Supreme Holdings & Hospitality (India) Ltd announced the appointment of Mr. Rishabh Jalan as an Additional Non-Executive and Independent Director. The appointment is effective from August 24, 2026, for a term of five years, concluding on August 23, 2031, subject to shareholder approval at the upcoming AGM. Mr. Jalan, a commerce graduate with 9 years of experience in defence, hospitality, and commercial leasing, holds 0.02% of the company's shares. He is a cousin of the MD, Mr. Vidip Jatia, but this relationship does not fall under the definition of 'relative' under the Companies Act, 2013. The Board approved the appointment based on the Nomination and Remuneration Committee's recommendation, citing his expertise in business operations and strategic insight.
Key Highlights
- Rishabh Jalan appointed as Additional Independent Director.
- Appointment is for a five-year term, subject to shareholder approval.
- Director brings experience in defence, hospitality, and leasing sectors.
- Holds a minor shareholding of 0.02% in the company.
- Cousin of MD Vidip Jatia; relationship not legally defined as 'relative'.
Price Impact
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