M&B Engineering Limited Recommends Re-appointment of Whole Time Directors for Three Years
M & B Engineering Limited has recommended the re-appointment of two Whole Time Directors following a Board meeting held on August 10, 2026. The recommendations were made based on the advice of the Company's Nomination and Remuneration Committee (NRC).The Board recommended Ms. Birva Chirag Patel for re-appointment as a Whole Time Director liable to retire by rotation. The recommendation is for a period of three years, effective from April 2, 2027, until April 1, 2030, subject to shareholder approval in the ensuing Annual General Meeting.
Additionally, Mr. Aditya Vipinbhai Patel was recommended for re-appointment as a Whole Time Director who is not liable to retire by rotation. This appointment is also set for a three year period, starting on April 2, 2027, and concluding on April 1, 2030, pending approval from the members/shareholders at the Annual General Meeting.
Director Details and Profiles
The company provided detailed profiles regarding the recommended re-appointments of both directors: Ms. Birva Chirag Patel (DIN: 07203299) and Mr. Aditya Vipinbhai Patel (DIN: 07103812). Both roles are defined as Whole Time Director.The following table provides the key professional and financial details of both directors as recorded by M & B Engineering Limited:
| Metric | Ms. Birva Chirag Patel (DIN: 07203299) | Mr. Aditya Vipinbhai Patel (DIN: 07103812) |
|---|---|---|
| Qualification | B.com & Company Secretary | B.E. E&C; MBA Finance (USA) |
| Experience/Expertise | Over two decades in Company Law and SEBI Laws. Possesses extensive experience in corporate laws, regulatory compliance, corporate governance, and SEBI regulations. Has served on the Board of various Adani Group Companies for over 10 years. | Holds an MBA in Finance from the United States. Previously worked with ING Fund of Hedge Funds in New York. Currently heads Domestic and International Business Development functions, driving 'Phenix' brand expansion internationally. Possesses rich experience in strategic planning and international operations. |
| Date of Re-appointment | April 2, 2027 (Proposed) | April 2, 2027 (Proposed) |
| Terms of Appointment | Whole Time director from April 2, 2027, to April 1, 2030. | Whole Time director from April 2, 2027, to April 1, 2030. |
| Shareholding | 40,17,500 Equity Shares of Face Value Rs. 10/- each (7.03%) | 20,16,988 Equity Shares of Face Value Rs. 10/- each (3.53%) |
| Relationship to Management | Related to Mr. Chirag Hasmukhbhai Patel, Joint Managing Director. | Related to Mr. Vipinbhai Kantilal Patel, Non-Executive Non-Independent Director. |
The company has affirmed that neither director is debarred from holding the office of a director by any SEBI order or other such authority.
MBEL Stock Price Movement
As of 1:26 PM, shares of M & B Engineering Limited are shedding value, sinking by 5.11% in live trading and currently sporting a last price of ₹283.25. The stock has seen heavy movement today, with over 918,106 shares changing hands 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.
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.