Balurghat Technologies Appoints New Independent Director, Reconstitutes Board Committees After Senior Executive Resignation
Balurghat Technologies Limited has made changes to its board composition and committee structures, announcing the appointment of Mrs. Shweta as an Additional and prospective Independent Director. The company also confirmed the resignation of Mrs. Geetika Khandelwal from her role on the board. These changes and reconstitutions are effective from May 29, 2026.The Board of Directors approved the appointment of Mrs. Shweta (DIN: 10283634) as an Additional Non-Executive Independent Director, effective May 28, 2026. Her tenure as an Additional Director runs until the upcoming Annual General Meeting. Furthermore, her eventual designation as an Independent Director for a period of five consecutive years, running from May 28, 2026, to May 27, 2031, is contingent upon shareholder approval at the ensuing Annual General Meeting.
Simultaneously, the company confirmed that Mrs. Geetika Khandelwal (DIN: 10061631) has tendered her resignation as an Independent Director due to personal reasons. The management acknowledged and appreciated Mrs. Khandelwal's valuable contribution during her tenure with the Board.
Following these significant personnel changes, the company approved the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, effective May 29, 2026.
Corporate Governance Updates
The committees have been restructured as follows:Audit Committee
| Director Name | Category | Designation |
|---|---|---|
| Shweta | Chairperson | Independent Director |
| Arun Kumar Sethia | Member | Executive Director |
| Manik Chand Tater | Member | Independent Director |
Nomination and Remuneration Committee
| Director Name | Category | Designation |
|---|---|---|
| Shweta | Member | Independent Director 1 |
| Rajendra Dugar | Member | Non-Executive - Non-Independent Director |
| Manik Chand Tater | Chairperson | Independent Director |
Stakeholders Relationship Committee
| Director Name | Category | Designation |
|---|---|---|
| Shweta | Member | Independent Director |
| Arun Kumar Sethia | Member | Executive Director |
| Manik Chand Tater | Chairperson | Independent Director |
Profile of Newly Appointed Director Mrs. Shweta
Mrs. Shweta, aged 29, holds a Master's degree and has three years of experience in management. Her professional background encompasses marketing, communication, and corporate governance practices. She possesses strong interpersonal skills and strategic thinking abilities, contributing to board-level discussions and governance oversight. Mrs. Shweta does not hold any shares in the company.| Attribute | Detail |
|---|---|
| Director Name | Mrs. Shweta (DIN: 10283634) |
| Age | 29 Years |
| Education Qualification | Bachelor of Arts (B.A.) and Master of Arts (M.A.) |
| Experience in Management | 3 Years |
| Shareholding in the Company | Nil |
| Directorships in Other Companies | Sanghu Valley (India) Limited, VMand Sons Jewellers Limited, Leading Leasing Finance & Investment Company Limited, Magnanimous Trade & Finance Limited |
Resignation of Mrs. Geetika Khandelwal
Mrs. Geetika Khandelwal resigned from the post of Independent Director effective May 29, 2026, citing personal reasons. Before her departure, she served on multiple committees, including the Audit Committee, the Nomination and Remuneration Committee, and was the Chairperson of the Stakeholders Relationship Committee.Stock Price Movement
Shares of Balurghat Technologies Ltd closed at ₹13.50 on Friday, remaining flat with zero percentage change for the day. Throughout the trading session, shares moved within an intraday range that extended from a low of ₹13.50 to a high of ₹14.00.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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