New Director Appointed and Independent Directors Resign from Mitshi India Ltd Board
Mitshi India Ltd (formerly Dera Paints & Chemical Limited) announced significant changes to its board structure, with the appointment of a new director and the resignation of two additional non-executive independent directors following a Board meeting held on July 22, 2026. The company also reconstituted key committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.Mrs. Rekha Rani Naraniwal was appointed as an Additional Non-Executive Independent Director of Mitshi India Ltd, effective from July 22, 2026. Mrs. Naraniwal is a resident of India and holds a membership in ICSI. She brings 15 years of experience to the company, including nine years spent in legal, listing, and Secretarial Compliance functions.
The board meeting also received and accepted the resignations of two directors due to other professional commitments. Mrs. Bijal Yogesh Durgavale resigned from her post as Additional Non-Executive Independent Director. Prior to her departure, she held directorship at HCKK Ventures Limited, where she was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.
Similarly, Mrs. Sheetal Bhavin Nagda tendered her resignation from the position of Additional Non-Executive Independent Director. Through her tenure, she served as an Independent Director at Oriental Rail Infrastructure Limited and Azad India Mobility Limited. She was a member of the Audit Committee, Nomination and Remuneration Committee (for Oriental Rail Infrastructure Limited), and Stakeholder Relationship Committee (for Azad India Mobility Limited).
Reconstitution of Key Board Committees
The appointment and resignations necessitate a reconstitution of several critical board committees. The composition of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee has been updated effective July 22, 2026.Audit Committee Composition:
| S. No. | Name of Director | Category | Status |
|---|---|---|---|
| 1. | Rekha Rani Naraniwal | Additional Non-Executive Independent Director | Chairperson |
| 2. | Gurdeep Singh | Additional Non-Executive | Member |
| 3. | Vicky Mahendra Anjaria | Additional Non-Executive Non Independent Director | Member |
Nomination and Remuneration Committee Composition:
| S. No. | Name of Director | Category | Status |
|---|---|---|---|
| 1. | Rekha Rani Naraniwal | Additional Non-Executive Independent Director | Chairperson |
| 2. | Gurdeep Singh | Additional Non-Executive Independent Director | Member |
| 3. | Vicky Mahendra Anjaria | Additional Non-Executive Non Independent Director | Member |
Stakeholders Relationship Committee Composition:
| S. No. | Name of Director | Category | Status |
|---|---|---|---|
| 1. | Rekha Rani Naraniwal | Additional Non-Executive Independent Director | Chairperson |
| 2. | Gurdeep Singh | Additional Non-Executive Independent Director | Member |
| 3. | Vicky Mahendra Anjaria | Additional Non-Executive Non Independent Director | Member |
Stock Price Movement
As of 13:05, Mitshi India Ltd shares are ticking up, currently valued at ₹14.48 after gaining 2.48%. The stock experienced a noticeable swing during the day, trading between an intraday low of ₹14.00 and a high of ₹14.93.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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