Management Change29 May 2026, 02:52 am
Veritas re-appoints Paresh Merchant as MD; Murugan Pillai as Internal Auditor
AI Summary
Veritas (India) Limited's Board of Directors approved the re-appointment of Mr. Paresh Merchant as Managing Director for a further three-year term, commencing December 28, 2026, subject to shareholder approval. Mr. Merchant brings over 40 years of experience across diverse industries including textiles, real estate, and energy. Additionally, the Board approved the appointment of Mr. Murugan Pillai as the Internal Auditor for the financial year 2026-27. Mr. Pillai is an experienced Internal Audit professional with over 18 years of expertise in Internal Audit, Risk Management, and Fraud Investigation across various sectors.
Key Highlights
- Board re-appointed Paresh Merchant as MD for three years.
- MD's re-appointment is effective from December 28, 2026.
- Shareholders' approval is required for MD's re-appointment.
- Murugan Pillai appointed as Internal Auditor for FY 2026-27.
- Merchant brings 40+ years experience; Pillai 18+ years.
Price Impact
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