CLN Energy Ltd Appoints Two New Directors While Accepting Resignation of Chief Operating Officer
CLN Energy Ltd confirmed several leadership changes following a Board of Directors meeting held on July 01, 2026. The company approved the appointment of two new directors while accepting the resignation of Mr. Manish Shah from his positions as Whole-time Director and Chief Operating Officer.The appointments were made subsequent to the recommendations of the Nomination and Remuneration Committee. Both incoming directors are subject to the approval of shareholders at the ensuing General Meeting.
New Appointments Announced
Mr. Rahul Bhatnagar and Mr. Sanni Kumar were appointed to the board, bringing specialized expertise in manufacturing and industry operations.Mr. Bhatnagar was appointed as an Additional Director (Executive Director) effective July 01, 2026. He will serve until the ensuing General Meeting and is liable to retire by rotation. As a Delhi-based entrepreneur, Mr. Bhatnagar has over three decades of experience across textiles, fashion, and defense manufacturing. His previous roles include founding the Shamken Group—a textile conglomerate valued at over ₹1000 crore—and establishing Ameks Techfab Pvt. Ltd., which produces NIJ- and DRDO-certified bulletproof fabrics and body armor. He has also been involved with Elitista Haute Couture Pvt. Ltd.
Mr. Sanni Kumar was appointed as an Additional Director, designated as a Whole-time Director, effective July 01, 2026. Mr. Kumar is an Electrical & Electronics Engineering professional with more than seven years of experience in cross-functional manufacturing. His expertise lies in lithium-ion battery development and new product development. Notably, his project experience includes working on Li-ion battery development for telecom, high-voltage energy storage, EV swapping, traction, e-tractor, drone, and tipper applications, including India's largest 150kWh tipper battery system.
The details of the appointments are summarized below:
| Director | Role | Date of Appointment | Term Details |
|---|---|---|---|
| Mr. Rahul Bhatnagar | Additional Director (Executive Director) | July 01, 2026 | Until ensuing General Meeting; liable to retire by rotation |
| Mr. Sanni Kumar | Additional Executive Director / Whole-time Director | July 01, 2026 | Until ensuing General Meeting; liable to retire by rotation |
Management Transition
The Board also accepted the resignation of Mr. Manish Shah from his roles as Whole-time Director and Chief Operating Officer. His cessation from these positions is effective June 30, 2026, citing personal commitments and pre-occupations.Stock Price Movement
At the close of trade today, CLN Energy Ltd settled at ₹440.00, ticking up by 0.92% in post-market trading. The shares experienced a day of movement within a tight intraday range, testing lows near ₹438.15 and reaching a high of ₹443.00.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.
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.