Independent Directors Kavas Patel & Keki Elavia retired from Dai-Ichi Karkaria
Kavas Patel and Keki Elavia have stepped down as Independent Directors of Dai-Ichi Karkaria Limited, they completed their second consecutive term on September 22, 2023.
Neera Saggi and Anup Shah Appointed Independent Directors of Adani Green Energy
Adani Green Energy announced the appointment of Neera Saggi and Anup Shah as Non-Executive Independent Directors with effect from September 7, 2023.
Independent Directors of JK Agri Genetics, Sanjay Khaitan and Sanjeev Jhunjhunwala, retired
JK Agri Genetics Limited announced the retirement of Sanjay Kumar Khaitan and Sanjeev Kumar Jhunjhunwala from the post of Independent Director with effect from September 6, 2023
IndusInd Bank Reappointed two of the Non-Executive Independent Director
Sanjay Asher and Bhavna Doshi have been reappointed as Non-Executive Independent Directors of IndusInd Bank with effect from 10th October 2023 and 14th January 2024 respectively.
Mahindra CIE Automotive Ltd appoints Jairaj Purandare as ID
Jairaj Purandare, the Founder Chairman of JMP Advisors Pvt Ltd, has been appointed as an Independent Director at Mahindra CIE Automotive Limited, effective from June 10, 2023.
Avinash Gupta and Natrajan Ramakrishna Join Stove Kraft Limited as IDs, Shuba Rao Mayya Appointed Chairperson
Stove Kraft Limited, a prominent kitchen appliances manufacturer, has appointed Avinash Gupta and Natrajan Ramakrishna as Independent Directors for a five-year term starting May 29, 2023.
Dr. Reddy’s Laboratories Ltd announces changes in its Board of Directors
Effective May 10, 2023, Dr. Claudio Albrecht is appointed as an Additional Director of the Company categorised as Independent for five consecutive years until May 9, 2028, at Dr. Reddy’s Laboratories Limited. Furthermore, the company re-appointed Leo Puri and Shikha Sharma as Independent Directors
SAT ruling likely to facilitate the appointment of Independent Directors
In a significant ruling related to the appointment of an independent director by Nectar Life Sciences, the Securities Appellate Tribunal (SAT) has ruled against the Securities and Exchange Board of India (SEBI) and NSE. The SAT clarified that a special resolution is not necessary for appointing a di
Anurag Tewari and Tarun Singh appointed as Independent Directors at GRM Foodkraft
GRM Overseas Limited, a leading Indian basmati rice exporter and growing consumer staples player, has recently announced the appointment of two Independent Directors to the Board of its unlisted material subsidiary, GRM Foodkraft Private Limited. Dr. Anurag Tewari, a seasoned R&D professional wi
Independent directors’ exits are up 14.5%
In FY23, the number of independent directors leaving company boards grew by 14.5%. According to a report in The Financial Express, 881 IDs left their jobs in India during the previous fiscal year. Due to corporate fraud and accounting irregularities, independent directors are under heightened scruti
