HFCL Limited has appointed Anil Narendra Shah as an Additional Independent Director, effective January 21, 2026, for a 3-year term. Bharat Pal Singh completes his second term as Independent Director on January 20, 2026. The board has also reconstituted its committees, including the Audit, Nomination and Remuneration, Risk Management, Corporate Social Responsibility, Fund Raising, Allotment, and Environment, Social and Governance (ESG) Committees.
New Independent Director Appointment
HFCL Limited has announced the appointment of Anil Narendra Shah (DIN: 01844485) as an Additional Director in the category of Independent Director, effective January 21, 2026. His term will last for 3 consecutive years, until January 20, 2029, subject to shareholder approval.
Mr. Shah has a strong background, being a Fellow Member of the Institute of Chartered Accountants of India (FCA) and the Institute of Company Secretaries of India (FCS). He also brings extensive experience from his role as the Managing Partner of Juris Matrix Partners LLP, with over four decades in capital markets and legal domains.
Board Committee Reconstitution
The Board of Directors has reconstituted several committees, effective January 21, 2026, including:
Audit Committee
The Audit Committee now includes:
- Mr. Ajai Kumar (Chairman, Non-Executive Independent Director)
- Mr. Anil Narendra Shah (Member, Non-Executive Independent Director)
- Ms. Bela Banerjee (Member, Non-Executive Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Nomination, Remuneration, and Compensation (NRC) Committee
The NRC Committee is composed of:
- Mr. Ajai Kumar (Chairman, Non-Executive Independent Director)
- Ms. Bela Banerjee (Member, Non-Executive Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Risk Management Committee
The Risk Management Committee consists of:
- Mr. Mahendra Nahata (Chairman, Managing Director)
- Mr. Anil Narendra Shah (Member, Non-Executive Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Corporate Social Responsibility (CSR) Committee
The CSR Committee includes:
- Mr. Mahendra Nahata (Chairman, Managing Director)
- Mr. Ajai Kumar (Member, Non-Executive Independent Director)
- Dr. (Mr.) Ranjeet Mal Kastia (Member, Non-Executive Non-Independent Director)
Fund Raising Committee
The Fund Raising Committee comprises:
- Mr. Mahendra Nahata (Chairman, Managing Director)
- Mr. Ajai Kumar (Member, Non-Executive – Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Allotment Committee (Warrants)
The Allotment Committee is formed by:
- Mr. Mahendra Nahata (Chairman, Managing Director)
- Mr. Anil Narendra Shah (Member, Non-Executive Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Environment, Social and Governance (ESG) Committee
The ESG Committee includes:
- Mr. Anil Narendra Shah (Chairman, Non-Executive Independent Director)
- Mr. Mahendra Nahata (Member, Managing Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
- Mr. Vijay Raj Jain (Member, Chief Financial Officer)
- Mr. Sanjay Vithalrao Jorapur (Member, Executive President – HR)
- Mr. Rajesh Tatia (Member, Vice-President – Goa Plant)
- Mr. Vivek Agarwal (Member, Vice-President – Hyderabad Plant)
Completion of Term
Bharat Pal Singh (DIN: 00739712) completed his second term as an Independent Director on January 20, 2026, and ceased to be a Director effective January 21, 2026.
Source: BSE
