The Board of Directors of Godrej Agrovet Ltd. has approved the re-appointment of Dr. Ashok Gulati as a Non-Executive & Independent Director for a second term, commencing on May 7, 2026, and concluding on May 10, 2029. This proposal, subject to shareholder approval via Postal Ballot, confirms Dr. Gulati’s continued oversight role. Dr. Gulati is highly distinguished in agricultural policy, having served as Chairman of CACP and holding directorships at RBI and NABARD.
Board Approval for Director Re-appointment
On Monday, March 23, 2026, the Board of Directors of Godrej Agrovet Ltd. passed a resolution approving key governance actions, stemming from the recommendations of the Nomination and Remuneration Committee.
The central approval involves the re-appointment of Dr. Ashok Gulati (DIN: 07062601) to serve as a “Non-Executive & Independent Director.” This will be his second term, commencing on May 7, 2026, and concluding on May 10, 2029. The appointment is contingent upon securing the necessary approval from the company’s shareholders.
Director Status and Independence
The announcement confirms that Dr. Ashok Gulati continues to meet all required criteria for independence under the Companies Act, 2013, and relevant regulations. He is explicitly stated to be not related to the Promoters or the Promoter Group and is not barred from holding office by any regulatory authority.
The reason cited for the need for re-appointment is the expiry of his first term as an Independent Director on May 7, 2026.
Profile of Dr. Ashok Gulati
Dr. Ashok Gulati brings extensive expertise in economic policy and agriculture to the Board.
- He is currently a Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER).
- He previously served as the Chairman of the Commission for Agricultural Costs and Prices (CACP), Government of India, from 2011-14.
- His prior directorships include the Central Board of Directors of the Reserve Bank of India (RBI), NABARD, and Kotak Mahindra Bank Limited.
- Dr. Gulati was honored with the “Padma Shri” award in 2015 for his contributions to the field.
- He holds an M.A. and Ph.D. from the Delhi School of Economics.
Shareholder Approval Process
Further to the Board’s decision, approval from the Shareholders is required for this re-appointment. The Company will seek this approval through a Postal Ballot process for the term commencing May 7, 2026, upto May 10, 2029.
Source: BSE
