HFCL Limited has appointed Anil Narendra Shah as an Additional Director in the category of Independent Director, effective January 21, 2026. This appointment is subject to shareholder approval. The Board also announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, and other key committees.
New Independent Director Appointment
Anil Narendra Shah has been appointed as an Additional Director in the category of Independent Director, effective January 21, 2026. The appointment is for a term of three years, concluding on January 20, 2029, and is subject to shareholder approval at the next general meeting.
Board Committee Reconstitution
The Board of Directors has approved the reconstitution of several key committees, effective January 21, 2026, including:
- Audit Committee
- Nomination, Remuneration and Compensation (NRC) Committee
- Risk Management Committee
- Corporate Social Responsibility (CSR) Committee
- Fund Raising Committee
- Allotment Committee (Warrants)
- Environment, Social and Governance (ESG) Committee
Audit Committee Details
The reconstituted Audit Committee includes:
- Mr. Ajai Kumar (Chairman, Non-Executive Independent Director)
- Mr. Anil Narendra Shah (Member, Non-Executive Independent Director)
- Ms. Bela Banerjee (Member, Non-Executive Independent Director)
- Mr. Arvind Kharabanda (Member, Non-Executive Non-Independent Director)
Departure of Bharat Pal Singh
Bharat Pal Singh will complete his second term as an Independent Director on January 20, 2026, and will subsequently cease to be a Director of the Company, effective January 21, 2026. The Board expressed its appreciation for his contributions.
Anil Narendra Shah’s Background
Anil Narendra Shah is a Fellow Member of the Institute of Chartered Accountants of India (FCA) and the Institute of Company Secretaries of India (FCS). He is an Advocate and a Solicitor of England and Wales and is also recognised as an Associate Chartered Secretary and Administrator in the United Kingdom. He is the Managing Partner of Juris Matrix Partners LLP with over four decades of experience in capital markets.
Source: BSE
