Power Mech Projects Limited announced that Mr. Vivek Paranjpe, a Non-Executive and Independent Director, will cease to be a director of the company on August 30, 2026. This departure marks the completion of his second and final term. The Board of Directors has expressed gratitude for his significant contributions and guidance during his tenure.
Independent Director Departs Upon Tenure Completion
Power Mech Projects Limited has formally notified stakeholders that Mr. Vivek Paranjpe’s tenure as a Non-Executive and Independent Director has concluded. He will officially step down from his role at the close of business hours on August 30, 2026, having completed his second and final term with the company. This change affects the composition of the company’s board.
Board Appreciation for Contributions
The Board of Directors has acknowledged and placed on record its deep appreciation for Mr. Paranjpe’s valuable contributions, effective participation, and immense guidance provided during his directorship. His service as the Chairman of the Nomination and Remuneration Committee and as a member of the Audit Committee has been particularly recognized.
Source: BSE
