FIEM Industries Limited announced the re-appointment of Mr. Vineet Sahni (DIN:03616096) as the Chief Executive Officer (CEO) and Whole-time Director, who is also a Key Managerial Personnel. The extension is approved for a further term of three years, effective from May 1, 2026. This decision by the Board follows the recommendation of the Nomination & Remuneration Committee and is subject to shareholder approval via postal ballot. Mr. Sahni is confirmed not to be debarred from holding directorial office.
Leadership Continuation Approved
The Board of Directors of FIEM Industries Limited has approved the proposal for the re-appointment of Mr. Vineet Sahni (DIN:03616096) in his roles as Chief Executive Officer (CEO) and Whole-time Director, classifying him as a Key Managerial Personnel. This reappointment is set to commence effective May 1, 2026, and will run for an additional term of three years.
This governance decision was made upon the recommendation of the Nomination & Remuneration Committee and is contingent upon securing the necessary approval from the company’s shareholders, which will be sought through a postal ballot process.
Profile and Experience Summary
Mr. Vineet Sahni is highlighted as a veteran professional in the Automotive Industry, possessing extensive leadership experience specifically within the 4 Wheel Automotive Lighting Industry. His career path includes starting at Tata Motors in 1987, followed by leadership roles across prominent industry groups such as Minda Group, Varroc Engineering, and Lumax Group.
He has held successful CEO positions since 2001. Prior to joining FIEM Industries in May, 2023, he served as the Group CEO & Sr. Executive Director in the Lumax Group. His expertise covers developing leadership pipelines, strengthening OEM relationships, and managing diverse international teams.
Compliance Confirmation
The company confirms that Mr. Vineet Sahni is not debarred from holding the office of Director by any order issued by SEBI or any other regulatory authority.
Furthermore, the disclosure confirms no relationship exists between Mr. Sahni and any of the existing Directors of the Company.
Source: BSE
