Bajaj Hindusthan Sugar Ltd. Appoints Nand Lal Kalra as Independent Director and Sanoj Kumar Potdar as Nominee Director
Bajaj Hindusthan Sugar Ltd. announced the recommendation of its Board of Directors for two key appointments, effective from August 28, 2026, following a meeting held on July 29, 2026. The decisions, based on the recommendation of the Nomination and Remuneration Committee, include the appointment of Mr. Nand Lal Kalra as an Independent Director and Mr. Sanoj Kumar Potdar as a Nominee Director representing Punjab National Bank.The appointments are set to strengthen the company’s board composition. Mr. Kalra is slated to serve for five consecutive years as an Independent Director. Mr. Potdar, who is a Deputy General Manager at Punjab National Bank, will join the Board in his capacity as a Non-Executive, Nominee Director. Both directors were appointed with effect from August 28, 2026.
The company provided detailed profiles of both appointees, highlighting their extensive experience across governance, finance, and regulatory fields.
Director Profiles at Appointment
Details regarding the two new board members are as follows:| Particulars | Mr. Nand Lal Kalra (Independent Director) | Mr. Sanoj Kumar Potdar (Nominee Director) |
|---|---|---|
| Role | Independent Director | Non-Executive, Nominee Director representing Punjab National Bank |
| Effective Date | August 28, 2026 | August 28, 2026 |
| Term | Five consecutive years, subject to Members' approval (until August 27, 2031) | Liable to retire by rotation |
| Experience/Profile | Over five decades of experience in public administration and corporate governance. He is a former Accountant Member of the Income Tax Appellate Tribunal (IT AT) and a veteran of the Indian Revenue Service (IRS). | A banker with 26 years of experience spanning International Banking, Corporate Credit, and Treasury Management. He is currently Deputy General Manager at Punjab National Bank. |
| Qualifications | Bachelor of Science from Kurukshetra University (Gold Medalist), Master of Science from Panjab University, and Bachelor of Laws (LL.B.) from Jodhpur University. | Holds a bachelor's degree in science, is a Certified Associate of the Indian Institute of Bankers (CAIIB), and holds an NSE Academy Certification in Financial Markets. |
Both directors disclosed that there are no relationships between them that would constitute a conflict of interest concerning their appointment to Bajaj Hindusthan Sugar Ltd.
BAJAJHIND Stock Price Movement
Bajaj Hindusthan Sugar Limited shares are edging higher to ₹16.85 as of 11:55 AM today, driven by gains that have seen the stock climb 0.30%. The equity is trading amidst moderate activity, with over 1.18 million shares transacted in the live market session.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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