BEW Engineering Limited Board Approves Term Loan, Independent Director Appointments
BEW Engineering Limited announced on Tuesday, March 31, 2026, that its Board of Directors approved a term loan of Rs. 307.65 Lakhs from the Small Industries Development Bank of India (SIDBI) for the purchase of machinery and equipment under the SPEED scheme.The Board also noted the completion of the tenure of Mr. Ratnakar Venkappa Rai, who ceased to be an Independent Director on March 30, 2026.
Following this, the Board approved the appointment of two Additional Directors, Mr. Arpit Pratapbhai Shah (DIN: 07469577) and Mrs. Bijal Rushi Sheth (DIN: 11273499), both designated as Non-Executive Independent Directors. Their appointments are for a term of five consecutive years, effective from March 31, 2026, to March 31, 2031, pending shareholder approval.
Mr. Shah brings over 25 years of expertise in finance, accounting, treasury, taxation, auditing, and compliance. Mrs. Sheth has 30+ years of global experience in people strategy, leadership development, and cultural transformation.
The Board also acknowledged the CSR activities undertaken during the financial year 2025-26. Reconstitution of the Committees of the Board of Directors, which previously included Mr. Rai, will be discussed at a future meeting.
The Board meeting commenced at 11:00 A.M. IST and concluded at 11:47 A.M. IST.
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