Accord Synergy Limited Appoints Two Additional Directors and Constitutes Independent Directors Committee

Accord Synergy Limited Appoints Two Additional Directors and Constitutes Independent Directors Committee​

Accord Synergy Limited announced key appointments to its Board of Directors, including Mrs. Venu Birappa and Mr. Rajendra Kundanlal Desai, following a meeting held on Wednesday, June 17, 2026. The company also formalized the structure of an Independent Directors committee in relation to an Open Offer by Dr. Farukbhai Gulambhai Patel along with Mr. Muinulhaque Iqbalhusen Kadva.

The Board approved the appointments of both directors as Additional (Non-Executive) Directors, effective from June 17, 2026. These positions are slated to hold until the ensuing Annual General Meeting and carry a term of five years.

Mrs. Venu Birappa was appointed as an Additional (Non-Executive, Independent) Director. Mrs. Venu Birappa brings extensive experience in the Power Sector, having held roles related to regulatory matters, legal aspects, financial management, commercial operations, and technical aspects of transmission, system operation, and distribution. She began her career in 1984 with the erstwhile Gujarat Electricity Board (GEB) and subsequently served as Executive Engineer at Gujarat Energy Transmission Corporation Limited (GETCO) until July 2021. Her professional background includes formulation of regulations under the Electricity Act, 2003, and representation in regulatory and judicial proceedings before various commissions, tribunals, courts, and the Supreme Court of India.

Similarly, Mr. Rajendra Kundanlal Desai was appointed as an Additional (Non-Executive, Non-Independent) Director. Mr. Desai possesses over 30 years of experience spanning accounting, finance, taxation, audit, project evaluation, and loan syndication. He holds a Bachelor's Degree in Commerce and Law from South Gujarat University and is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). His career began at Union Bank of India, where he gained expertise in credit analysis and industrial finance, and later established his chartered accountancy practice. Mr. Desai also offers insights into corporate growth strategies and international business exposure across Europe, Africa, the Middle East, and Asia.

Independent Directors Committee Formation Details​

The company constituted an Independent Directors committee as part of the process related to the Open Offer by Dr. Farukbhai Gulambhai Patel and Mr. Muinulhaque Iqbalhusen Kadva. This committee consists of three directors.

Director Appointment Details and Profiles​

The following table provides specific details regarding the appointment of both additional directors, including their professional backgrounds and relationship status within the company.

ACCORD Stock Price Movement​

Today, shares of Accord Synergy Limited surged, climbing 4.95% to settle at ₹99.6. The rally saw the stock achieve its 52-week high and was accompanied by a trading volume of 6,000 shares.