SEPC Limited Appoints Dr. Ashutosh Karnatak as Additional Director
SEPC Limited announced the approval of Dr. Ashutosh Karnatak's appointment as an Additional Director. The Board of Directors passed the necessary resolution on April 06, 2026, recommending this appointment following the recommendation of the Nomination and Remuneration Committee.The appointment is effective from April 06, 2026, for an initial term of five consecutive years, subject to the subsequent approval of the company's shareholders. Dr. Karnatak will serve in the capacity of a Non-Executive, Independent Director.
Director Profile and Experience
Dr. Ashutosh Karnatak is noted for his extensive background in India's core infrastructure sector, possessing over 44 years of experience. His career highlights include serving as Chairman & Managing Director of GAIL (India) Ltd., where he contributed significantly to the development of the National Gas Grid and the advancement of India's gas-based economy.His board-level experience spans several leading energy companies, where he has chaired crucial committees related to risk, sustainability, and governance. Following his retirement, he served as a Technical Member (Petroleum & Natural Gas) at the Appellate Tribunal for Electricity (APTEL).
Academically, Dr. Karnatak holds a Post-Doctorate (DBA) in Organizational Maturity in Project Management and a PhD concerning the Asian Gas Grid. His qualifications further include an MTech (Energy Studies) from IIT Delhi, an MBA (Finance), a B. Tech (Electrical Engineering), a Diploma in Arbitration & Law, and IPMA Level A Certification as a Projects Director (Switzerland). He has also completed executive training at Harvard University (USA).
Key Appointment Details
The details surrounding the appointment, as required for disclosure, are summarized below:| Disclosure Requirement | Details |
|---|---|
| Reason for Change | The Board of Directors approved the appointment of Dr. Ashutosh Karnatak as an Additional Director, in the capacity of Non-Executive, Independent Director, with effect from April 06, 2026, for the first term of five consecutive years. |
| Date of Appointment & Term | April 06, 2026 |
| Relationship Disclosure | Dr. Ashutosh Karnatak is not related to any of the Directors of the Company. |
SEPC Limited can be contacted via phone at +91 44 6510 5555.
SEPC Stock Price Movement
At the close of trade, shares of SEPC Limited rallied by 3.93% to settle at ₹5.82. Throughout the day, the stock bounced between a low of ₹5.39 and a high of ₹5.86, supported by significant volume topping 27 million shares.Source:
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