CDG Petchem Ltd Board Approves Appointment of Independent Director Monika Garg
On April 10, 2026, the Board of Directors of CDG Petchem Ltd approved the appointment of Ms. Monika Garg as an Additional Director (Non-Executive & Independent) of the Company. This appointment is effective from April 10, 2026, and is set for a term of five consecutive years, subject to shareholder approval at the ensuing Extra-Ordinary General Meeting (EGM).The Board considered and approved the appointment based on the recommendation of the Nomination and Remuneration Committee.
Ms. Monika Garg, bearing DIN: 11643449, was profiled as a commerce post-graduate professional. Her experience spans administration, compliance documentation, client servicing, and training. Her background includes involvement in financial oversight support, risk evaluation, and internal control-related functions, which contributes to efficient operations and regulatory compliance. She is noted for her strong decision-making, communication, and interpersonal skills, enabling her to provide independent and unbiased judgment to the Board while safeguarding stakeholder interests.
The Board meeting convened at 02:00 P.M. and concluded at 02:30 P.M.
A summary of the details regarding the appointment is presented below:
| Particulars | Details for Ms. Monika Garg (DIN: 11643449), Additional Director (Non-Executive & Independent) |
|---|---|
| Reason for change | Appointment |
| Date of appointment/ cessation & terms of appointment | April 10, 2026 (Holds office up to the date of ensuing General Meeting) for a term of 5 years. On such terms and conditions as may be mutually agreed upon between the Board of Directors and the appointee. |
| Brief Profile | Ms. Monika Garg is a commerce post-graduate professional with experience in administration, compliance documentation, client servicing, and training. She has been involved in financial oversight support, risk evaluation, and internal control-related functions, contributing to efficient operations and regulatory compliance. She possesses strong decision-making, communication, and interpersonal skills and is capable of providing independent and unbiased judgment to the Board, thereby safeguarding stakeholders' interests. |
| Relationship with existing directors | Ms. Monika Garg is not related to any Director of the Company. |
| Debarment Status | Ms. Monika Garg is not debarred from holding the office of Director by virtue of any order from SEBI or any other authority. |
| Databank Registration | Registered with Independent Directors' Databank (IICA), Registration No. IDDB-NR-202604-091815 (Valid upto April 01, 2027) |
Stock Price Movement
At the close of trade Friday, CDG Petchem Ltd settled at ₹126.80, moving up 1.97% in value for the shares. Throughout the day, the shares fluctuated across a range, finding support near ₹121.90 while peaking at ₹126.80.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.