Indian Terrain Fashions Appoints New Director, Reappoints Key Leadership
Indian Terrain Fashions Ltd announced significant changes in its Board of Directors and committee structures following a meeting held on April 21, 2026. The board approved the appointment of a new Independent Director and the re-appointment of key executives, subject to shareholder approval.During the meeting, the Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, took several material decisions regarding leadership roles.
Board Director Changes
The Board of Directors decided on the following appointments and reappointments:- Appointment of Additional Director: Mr. J Suresh (DIN: 10664467) was appointed as an Additional Director and Non-Executive, Independent Director. This appointment is effective from April 21, 2026, and is for a period of five consecutive years, pending shareholder approval.
- Re-appointment of Executive Chairman: Mr. Venkatesh Rajagopal (DIN: 00003625) was re-appointed as Executive Chairman and Whole-time Director. His tenure is set for three years, effective August 8, 2026, pending shareholder approval, and includes a revision in remuneration.
- Re-appointment of Managing Director & CEO: Mr. Charath Ram Narsimhan (DIN: 06497859) was re-appointed as Managing Director & CEO for three years, effective August 8, 2026, also subject to shareholder approval and a revision in remuneration.
Furthermore, the Board approved the process for the appointment and re-appointment of Directors, which will be sought from shareholders via a Postal Ballot through remote e-Voting. The cut-off date for determining eligible shareholders for the Postal Ballot notice was fixed as April 24, 2026.
Committee Reconstituction
The board also re-constituted two critical board committees, effective from the date of the meeting, April 21, 2026.Audit Committee (AC)
| Role | Existing Member | Revised Member | Designation | Position |
|---|---|---|---|---|
| Chairman | Mr. Tarique Ansari | Mr. Tarique Ansari | Independent Director | Chairman of AC |
| Member | Mrs. Nidhi Reddy | Mrs. Nidhi Reddy | Independent Director | Member |
| Member | --- | Mr. J Suresh | Independent Director | Member |
| Member | Mr. Charath Ram Narsimhan | Mr. Charath Ram Narsimhan | Managing Director & CEO | Member |
Nomination & Remuneration Committee (NRC)
| Role | Existing Member | Revised Member | Designation | Position |
|---|---|---|---|---|
| Chairperson | Mr. Tarique Ansari | Mrs. Nidhi Reddy | Independent Director | Chairperson of NRC |
| Member | Mrs. Nidhi Reddy | Mr. Tarique Ansari | Independent Director | Member |
| Member | --- | Mr. J Suresh | Independent Director | Member |
Director Profiles and Expertise
The Company provided profiles detailing the experience of the involved directors:| Director Name | Key Expertise/Experience | Relationship Status |
|---|---|---|
| Mr. Venkatesh Rajagopal | Expertise in Managerial, Financial, Marketing, and Administration. Served in the Indian Police Service starting in 1979. | Spouse of Mrs. Rama Rajagopal (Non-Executive Non-Independent Director). |
| Mr. Charath Ram Narsimhan | Over three decades of rich experience in the garment industry, specializing in Managerial, Financial, Commercial, Systems, and Administration. | Not related to any other Directors in the Company. |
| Mr. J Suresh | Joined the Indian Revenue Service (Income Tax Department) in 1979. Held positions including Chief Commissioner of Andra Pradesh and Director General of Investigation in Chennai and Mumbai. | Not related to any other Directors in the Company. |
The Board meeting commenced at 04:35 PM IST and concluded at 04:45 PM IST.
INDTERRAIN Stock Price Movement
Indian Terrain Fashions Limited shares today slipped by 0.42% to settle at ₹32.8. The stock saw a trading volume of 6,867 shares during the 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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