Crompton Greaves Consumer Electricals Limited announced the appointment of Mr. Sundaram Damodarannair as an Additional, Non-Executive Non-Independent Director and as the Chairman of the Board, effective September 18, 2025. This follows the completion of his tenure as an Independent Director. The company also approved the reconstitution of its Board committees and seeks member approval for the appointment.
Leadership Transition
Mr. Sundaram Damodarannair will assume the role of Chairman, succeeding his previous position as an Independent Director, with his second term concluding on September 17, 2025. He has been re-appointed as an Additional, Non-Executive Non-Independent Director effective September 18, 2025, until he reaches 75 years of age, specifically until April 15, 2028, subject to shareholder approval.
Board Committee Reconstitution
The company has approved the following changes to its committees, effective September 18, 2025:
Audit Committee
- Mr. Sanjiv Kakkar: Chairperson
- Mr. P R Ramesh: Member
- Mr. Sundaram Damodarannair: Member
Nomination & Remuneration Committee
- Ms. Smita Anand: Chairperson
- Mr. Sundaram Damodarannair: Member
- Mr. Anil Chaudhry: Member
Stakeholders’ Relationship Committee
- Mr. Sundaram Damodarannair: Chairperson
- Ms. Hiroo Mirchandani: Member
- Mr. Shantanu Khosla: Member
- Mr. Promeet Ghosh: Member
Corporate Social Responsibility Committee
- Mr. Shantanu Khosla: Chairperson
- Ms. Smita Anand: Member
- Mr. Sundaram Damodarannair: Member
- Mr. Promeet Ghosh: Member
Risk Management Committee
- Mr. P R Ramesh: Chairperson
- Mr. Anil Chaudhry: Member
- Mr. Sundaram Damodarannair: Member
Postal Ballot for Appointment
The Board has authorized a Postal Ballot to seek shareholder approval for Mr. Sundaram Damodarannair’s appointment as Non-Executive Non-Independent Director.
Board Diversity Policy
The Board has also approved a Board Diversity Policy, aimed at strengthening corporate governance and decision-making.
Source: BSE