PPAP Automotive Limited Appoints Meeta Makhan as Independent Director; Reconstitutes Key Board Committees
PPAP Automotive Limited announced key changes within its board structure, appointing Mrs. Meeta Makhan as an Additional Director (Independent). The company has also revised the composition of its Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee.Mrs. Meeta Makhan was appointed as the Additional Director (Independent) effective June 25, 2026. She is set to hold office until the conclusion of the Annual General Meeting and as an Independent Director subject to shareholder approval for a term spanning two consecutive years, up to June 24, 2028.
Experienced Leader Appointed to PPAP Board
Mrs. Meeta Makhan brings over 25 years of experience from the banking and financial services sector. An alumna of the Indian Institute of Management, Lucknow, she has held senior leadership positions with major global financial institutions, including Citibank, Standard Chartered Bank, Barclays Bank, Bank of America, and IDFC Bank.
Her professional profile includes serving as an Independent Director on the boards of DCM Shriram International Limited, Kanoria Chemicals & Industries Limited, Timex Group India Limited, and SV Creditline Limited. Mrs. Makhan is also the Founder of Doundo Services Private Limited, a venture focused on promoting climate-resilient and green initiatives.
Reconstituted Board Committees
The company has finalized the revised composition of its principal board committees:
Audit Committee
| Name of Directors | Designation on Board | Committee Designation |
|---|---|---|
| Mr. Deepak Kumar Sethi | Independent Director | Chairperson |
| Mr. Rohit Rajput | Independent Director | Member |
| Mr. Abhishek Jain | Chief Executive Officer & Managing Director | Member |
| Mrs. Meeta Makhan | Additional Director (Independent) | Member |
Nomination & Remuneration Committee
| Name of Directors | Designation on Board | Committee Designation |
|---|---|---|
| Mr. Rohit Rajput | Independent Director | Chairperson |
| Mrs. Vinay Kumari Jain | Non-Executive Director | Member |
| Mr. Deepak Kumar Sethi | Independent Director | Member |
Stakeholders Relationship Committee
| Name of Directors | Designation on Board | Committee Designation |
|---|---|---|
| Mrs. Vinay Kumari Jain | Non-Executive Director | Chairperson |
| Mrs. Meeta Makhan | Additional Director (Independent) | Member |
| Mr. Abhishek Jain | Chief Executive Officer & Managing Director | Member |
PPAP Stock Price Movement
PPAP Automotive Limited shares slipped on Thursday, shedding 3.72% to close at ₹231.17 after trading within an intraday range of ₹229.85 to ₹243.58. The stock closed following a session where it saw a volume of 22,188 shares.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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