Shetron Limited announced changes in its board composition following a meeting on November 3, 2026. The company recommended the appointment of Mr. Mohan Narayan Menon as an Independent Director for a term of two years. Additionally, the board recommended the re-appointment of Mr. Bhagya Chandra Rao as an Independent Director for a term of five years, effective May 30, 2027. The appointment of Mrs. Raksha Mally as Director was also recommended, with the effective date contingent on shareholder approval.
Board Appointments and Re-appointments
Shetron Limited has announced key changes to its Board of Directors, aimed at strengthening its governance structure and leadership. During a Board Meeting held on November 3, 2026, the company’s directors considered and approved several recommendations from the Nomination and Remuneration Committee.
New Independent Director Appointment
The Board has recommended the appointment of Mr. Mohan Narayan Menon as an Independent Director. Mr. Menon, holding DIN: 02838483, is aged 78 years and brings over 50 years of experience in the packaging industry. He is a graduate in Metallurgical Engineering and holds a Master’s degree in Management. His tenure as an Independent Director is proposed for a period of two years, with the effective date of his appointment subject to shareholder approval.
Re-appointment of Independent Director
Furthermore, the Board recommended the re-appointment of Mr. Bhagya Chandra Rao as an Independent Director. Mr. Rao, holding DIN: 00211127, is set for a re-appointment for a term of five years, commencing from May 30, 2027. His profile highlights deep domain expertise and a strong understanding of business transformation, strategy, sales & marketing, and supply chain management.
Director Appointment
The Board also recommended the appointment of Mrs. Raksha Mally as a Director of the Company. Mrs. Mally, holding DIN: 05199276, is aged 52 years and has extensive experience in brand curation, sourcing, and merchandising within the lifestyle and retail sector. She is a partner at Anoma, a Bangalore-based brand known for curating lifestyle products. The effective date of her appointment will be upon shareholder approval. It was also disclosed that Mrs. Raksha Mally is the spouse of Mr. Praveen Vittal Mally, Joint Managing Director, and the daughter of Mr. Diwakar Sanku Shetty, Executive Chairman.
Approval Process
All proposed appointments and re-appointments will be placed before the Shareholders for their approval through a Postal Ballot. The company will submit further details regarding the Postal Ballot in due course.
Source: BSE
