National Standard (India) Ltd Appoints Two New Additional Directors and Reports Cessation of Independent Director
National Standard (India) Limited has announced changes to its board of directors, approving the appointment of two new additional directors and reporting the cessation of an independent director. These appointments and changes are effective from July 2026.Mr. Vikas Jain was appointed as an Additional (Non-Executive, Non-Independent) Director, effective from July 6, 2026. Mr. Jain is a Chartered Accountant and holds a Bachelor's degree in Commerce from Mumbai University. He brings over 19 years of extensive expertise across retail credit, mortgages, home loan services, credit risk management, auto and mortgage lending. His background includes association with Lodha Group since 2013 as Co-Head Debt Finance, and prior leadership roles at Kotak Mahindra Prime Limited and ICICI Bank Limited.
The company also appointed Mr. Sanjay Bahad as an Additional (Non-Executive, Independent) Director for a term of five consecutive years, commencing from July 6, 2026, until July 5, 2031.
Mr. Bahad holds a Bachelors' Degree in Civil Engineering from Amravati University and has professional certification in Project Management (PMP). His experience spans over three decades across construction, site management, project execution, quality control management, and safety management. He has been associated with major multinational firms involved in infrastructure development in India, including SKANSKA Cementation and the Delhi Metro Rail Corporation.
A key change in the independent directorship is the cessation of Mr. Bhushan Shah's tenure. Mr. Shah will cease to be an Independent Director of the company effective from close of business hours on July 5, 2026, having completed his second term as an Independent Director.
Key details regarding the director appointments and changes are summarized below:
| Particulars | Mr. Vikas Jain (Additional Non-Executive) | Mr. Sanjay Bahad (Additional Independent) |
|---|---|---|
| Date of Appointment | July 6, 2026 | July 6, 2026 |
| Term/Cessation Date | N/A | Five years, until July 5, 2031 |
| Brief Profile | Chartered Accountant with over 19 years of expertise in credit risk management and financial services. | Possesses three decades of multidisciplinary experience in construction and project management. |
The changes represent the approved appointments following a circular resolution by the Board of Directors of the company dated July 3, 2026.
Stock Price Movement
National Standard (India) Ltd closed today having settled at ₹971.80, after shares plunged 20.00% in the market. The stock traded within a significant intraday range, reaching a high of ₹1176.00 before finding their low at ₹971.80.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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