Baheti Recycling Industries Limited Approves Director Appointments and Market Platform Migrations
Baheti Recycling Industries Limited, at a meeting held on June 18, 2026, approved several key decisions regarding its market presence and Board composition. The company decided on the migration of its equity shares across major stock exchanges and appointed two new independent directors.The Board considered and sanctioned the migration of the company's listing/trading from the SME Platform (EMERGE) of the National Stock Exchange of India (NSE). Additionally, the company approved direct listing and trading of its equity shares from the NSE SME platform to the Main Board of the Bombay Stock Exchange (BSE).
The meeting also approved the appointment of two directors as Additional Non-Executive Independent Directors for an initial term of five consecutive years, effective from June 18, 2026. The appointments are subject to approval by the company members via Postal Ballot.
The board appointed Mr. Judhisthir Behera and Mr. Mahadevan Viswanathan to the Board. Both appointees were recommended by the Nomination and Remuneration Committee.
Details of New Appointments
The following table outlines the appointment details, term limits, and professional profiles of the newly appointed directors:| Feature | Mr. Judhisthir Behera | Mr. Mahadevan Viswanathan |
|---|---|---|
| Role | Additional Director / Non-Executive Independent Director | Additional Director / Non-Executive Independent Director |
| Date of Appointment | 18/06/2026 | 18/06/2026 |
| Term of Appointment | Initial term of five years, up to June 17, 2031 (subject to members' approval) | Initial term of five years, up to June 17, 2031 (subject to members' approval) |
| Profile Summary | A career commercial banker with over two decades of experience in SME, mid-corporate and large-corporate banking both in India and overseas. He held senior leadership roles at State Bank of India and Axis Bank, including positions such as Senior Vice President & National Head (Mid Enterprise Group). Since November 2019, he has been the Managing Director & CEO of Credence Corporate Advisory Pvt. Ltd. | A Fellow Member of both the Institute of Cost Accountants of India and the Institute of Company Secretaries of India with over 40 years of experience in finance, cost management, corporate secretarial and compliance functions. He held senior roles at Eastern Coalfields Limited and Coal India Limited. |
| Relationship | Not Applicable | Not Applicable |
The Board also approved the notice for the forthcoming Postal Ballot, which will be sent to shareholders and stock exchanges in due course of time.
BAHETI Stock Price Movement
Today, Baheti Recycling Industries Limited shares edged higher to settle at ₹679.05 after surging 8.07% in post-market trading. The stock demonstrated impressive strength by hitting its 52-week high, supported by a volume of 97,125 shares traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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