CESC Limited announced key board changes following a resolution passed on February 25, 2026. The Board approved the appointment of Mr. Umang Kanoria as an Additional Non-Executive Independent Director for three years, effective immediately. Additionally, the Board recommended the re-appointment of Mr. Debanjan Mandal for a second five-year term as a Non-Executive Independent Director, effective May 10, 2026, pending shareholder approval.
Board Approvals for Key Directorships
CESC Limited has officially disclosed significant changes concerning its Board of Directors, following recommendations from the Nomination and Remuneration Committee. A Resolution was passed by circulation on February 25, 2026, confirming the following appointments:
Appointment of Mr. Umang Kanoria
- Director Name: Mr. Umang Kanoria (DIN: 00081108)
- Position: Additional Director and Non-Executive Independent Director.
- Term: Appointed for a term of three (3) consecutive years, effective from February 25, 2026.
- Profile Highlight: Mr. Kanoria is an established industrialist with extensive experience in the tea and textile industries, currently serving as Chairman and Managing Director of Kanco Tea & Industries Limited. He holds an MBA from IMD, Lausanne.
Re-appointment of Mr. Debanjan Mandal
- Director Name: Mr. Debanjan Mandal (DIN: 00469622)
- Position: Re-appointment as a Non-Executive Independent Director (second term).
- Term: Re-appointed for a second term of five (5) consecutive years, effective from May 10, 2026.
- Profile Highlight: Mr. Mandal is a Partner at Fox & Mandal, bringing over 20 years of post-qualification experience in corporate, commercial, and real estate laws. He is also Chairman of the ICC National Expert Committee on Corporate & Legal Affairs.
Regulatory Compliance
Both appointments are provisional and are subject to the necessary approval of the Members of the Company. The detailed disclosures required under applicable regulations, confirming that both individuals are not debarred from holding directorial office by any authority, have been provided in Annexure A of the filing.
Source: BSE
