R Systems International Limited Announces Board Restructuring, New Appointments of Directors
R Systems International Limited has announced significant changes in its board composition following a meeting held on June 25, 2026. The company saw the completion of tenure for several Independent Directors and noted the resignation of Mr. Mukesh Mehta, alongside appointing three new directors as Additional Directors, including a new Chairperson.Key Changes in Board Composition
The Board of Directors formally noted that the terms of Mrs. Ruchica Gupta, Chairman, and Independent Director; Mr. Kapil Dhameja, Independent Director; and Mr. Aditya Wadhwa, Independent Director are set to conclude on June 28, 2026. Consequently, Mrs. Ruchica Gupta will cease to be a Chairperson of the company's Board. The Board expressed gratitude for the guidance and support provided by these directors during their tenure.Furthermore, Mr. Mukesh Mehta tendered his resignation from the position of Non-Executive Director, effective June 28, 2026, citing preoccupation and personal commitments. The Board acknowledged his contribution to the company.
New Appointments and Directorships
Effective June 29, 2026, the Board approved the appointment of three individuals as Additional Directors (Non-Executive Independent Director): Mr. Shailesh Sharad Kekre, Ms. Sangeeta Kapil Jit Singh, and Mr. Srikanth Balachandran. These appointments are effective for a period of up to three months or until the ensuing General Meeting. The Board also recommended their appointment as Independent Directors for five consecutive years, commencing from June 29, 2026, until June 28, 2031.In addition, Mr. Pranav Damani was appointed as an Additional Director (Non-Executive Director), effective June 29, 2026. His tenure is similarly set for three months or until the ensuing General Meeting. The Board recommended his appointment as a Non-Executive Director liable to retire by rotation.
Mr. Shailesh Kekre was also approved for the role of regular Chairperson of the Board of Directors, effective June 29, 2026.
Committee Reconstitution Details
The company's board committees have been revised consequent to these changes. The following table details the composition of the Audit Committee:| S. No. | Name of the Member | Designation in the Committee |
|---|---|---|
| 1 | Mr. Srikanth Balachandran, Non-Executive Independent Director | Chairperson |
| 2 | Mr. Amit Dalmia, Non-Executive Director | Member |
| 3 | Mr. Shailesh Kekre, Non-Executive Independent Director | Member |
| 4 | Ms. Sangeeta Singh, Non-Executive Independent Director | Member |
The composition of other committees is as follows:
Stakeholders Relationship Committee
- Chairperson: Mr. Animesh Agrawal, Non-Executive Director
- Members: Mr. Nitesh Bansal, Managing Director & CEO; Mr. Srikanth Balachandran, Non-Executive Independent Director
Nomination, Remuneration and Compensation Committee
| Name of the Member | Designation in the Committee |
|---|---|
| Ms. Sangeeta Singh, Non-Executive Independent Director | Chairperson |
| Mr. Srikanth Balachandran, Non-Executive Independent Director | Member |
| Mr. Amit Dalmia, Non-Executive Director | Member |
Corporate Social Responsibility Committee
- Chairperson: Mr. Amit Dalmia, Non-Executive Director
- Members: Mr. Animesh Agrawal, Non-Executive Director; Ms. Sangeeta Singh, Non-Executive Independent Director
Risk Management Committee
| Name of the Member | Designation in the Committee |
|---|---|
| Mr. Nitesh Bansal, Managing Director & CEO | Chairperson |
| Mr. Pranav Damani, Non-Executive Director | Member |
| Mr. Shailesh Kekre, Non-Executive Independent Director | Member |
Management Committee
| Name of the Member | Designation in the Committee |
|---|---|
| Mr. Shailesh Kekre, Non-Executive Independent Director | Chairperson |
| Mr. Nitesh Bansal, Managing Director & CEO | Member |
| Mr. Animesh Agrawal, Non-Executive Director | Member |
| Mr. Nand Sardana, Chief Financial Officer | Member |
Profiles of New Directors (Appointment Details)
The appointment details for the new directors are summarized below:| Name of the Director | Appointment Type & Term | Brief Profile |
|---|---|---|
| Mr. Shailesh Sharad Kekre | Additional Director (NEID), 5-year tenure recommended | A seasoned management consultant with over 25 years of experience, specializing in technology and digital transformation. He is the founder of Budhyati Ventures. |
| Ms. Sangeeta Kapil Jit Singh | Additional Director (NEID), 5-year tenure recommended | Possesses rich work experience of over 35 years primarily in human resources, employer branding, corporate communications (internal and external) and is associated with institutions working towards building women leadership. |
| Mr. Srikanth Balachandran | Additional Director (NEID), 5-year tenure recommended | A seasoned business leader and Chartered Accountant with over 40 years of global experience across finance, strategy, governance and business transformation. |
| Mr. Pranav Damani | Additional Director (NED) | An investment professional with significant experience in private equity, corporate finance, and strategic investments; currently associated with Blackstone as a Senior Associate. |
RSYSTEMS Stock Price Movement
On Thursday, R Systems International Limited shares edged higher, settling at ₹249.60 after closing up 0.24%. The equity saw a traded volume of 109,653 shares throughout 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.
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