The Board of Directors of Grasim Industries Limited has approved the re-appointment of two Non-Executive Independent Directors, Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta, for a second term of five consecutive years. This move, effective from May 24, 2026, up to May 23, 2031, is pending shareholder approval. The decision followed the recommendation of the Nomination and Remuneration Committee during the Board meeting held on February 10, 2026.
Board Approves Director Re-appointments
Grasim Industries Limited announced today, February 10, 2026, that its Board of Directors has ratified the re-appointment of two key Independent Directors. The decision was made based on the recommendation of the Nomination and Remuneration Committee.
The individuals approved for reappointment are:
- Mr. V. Chandrasekaran (DIN: 03126243)
- Mr. Adesh Kumar Gupta (DIN: 00020403)
Term Details and Effective Dates
Both directors have been approved for a second term as Non-Executive Independent Directors, spanning five consecutive years. This new tenure is scheduled to commence on May 24, 2026, and will conclude on May 23, 2031 (both days inclusive). This continuation is subject to the necessary approval from the shareholders of the Company.
Profiles of Re-appointed Directors
Mr. V. Chandrasekaran
Mr. Chandrasekaran is a qualified Chartered Accountant with extensive experience, including roles as a retired Executive Director of LIC of India. His expertise covers investment decision-making processes, Investment Monitoring & Accounting, and Investment Research and Risk Management. He currently serves as an Independent Director on the boards of various entities, including Ultratech Cement Limited and Aditya Birla Housing Finance Limited.
Mr. Adesh Kumar Gupta
Mr. Adesh Kumar Gupta is a qualified Chartered Accountant and Company Secretary, possessing over four decades of experience in finance and general management. He previously served as the Whole Time Director and CFO of the Company until June 30, 2015. His background includes significant contributions to finance strategy and corporate law across various sectors. He is recognized as Ex-Member of the National Advisory Committee on Accounting Standards (‘NACAS’).
Compliance Confirmation
Both directors confirm that they are not debarred from holding directorial offices by virtue of any order from a regulatory authority. Furthermore, neither Mr. Chandrasekaran nor Mr. Gupta is related to any other Director or Key Managerial Personnel within the Company.
The Board meeting where these approvals were granted commenced at 3:25 p.m. (IST) and concluded at 5:24 p.m. (IST).
Source: BSE
