Max India Ltd Appoints Mrinalini Mirchandani as Independent Director
Max India Ltd announced the approval of the appointment of Ms. Mrinalini Mirchandani as an Additional Director and Independent Director of the Company. The Board of Directors approved this appointment via Circular Resolution on April 9, 2026, following a recommendation from the Nomination and Remuneration Committee.The tenure for Ms. Mirchandani's appointment is for a period of 5 years, commencing on April 15, 2026, and concluding on April 14, 2031, subject to shareholder approval.
Director Profile and Appointment Details
Ms. Mrinalini Mirchandani, holding DIN: 11619010, brings substantial experience to the board. She was recently a Senior Partner at McKinsey & Company, where she was noted as the first and only woman elected to Senior Partner in McKinsey's 34 year history in India. During her tenure at McKinsey, she led the Private Equity Practice in India and served as a member of the global healthcare leadership team.Prior to her time at McKinsey, Ms. Mirchandani worked at Merill Lynch, where she headed the Healthcare & Consumer Investment Banking Team in India. Furthermore, she led the Healthcare recruiting practice for Egon Zehnder in India. Over the last two decades, her professional focus has involved working closely with prominent Indian and global institutions on diverse areas, including growth strategy, M&A, capital raising, linking talent to value, and delivering large-scale transformational change. Academically, she holds an MBA from IIM Calcutta and a B.Com from Mumbai University. In 2018, she was listed in the Economic Times list of India's 40 under Forty Young Business Leaders.
The details regarding her appointment are summarized below:
| Particulars | Details |
|---|---|
| Reason for Change | Appointment as an Independent Director for 5 years. |
| Appointment Period | Commencing on April 15, 2026 until April 14, 2031. |
| Relationship to Directors | Ms. Mrinalini Mirchandani is not related to any other Director of the Company. |
| Debarment Status | Ms. Mrinalini Mirchandani is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. |
MAXIND Stock Price Movement
Shares of Max India Limited today slipped by 3.15% to settle at ₹149.13 in post-market trading. The equity traded on a volume of 60,487 shares, finishing significantly below its previous close of ₹153.44.Source:
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