Patel Engineering Ltd. has approved the appointment of Ms. Sudha Pravin Navandar (DIN: 02804964) as an Additional (Independent) Director. This appointment is effective from March 16, 2026, to March 15, 2029, pending shareholder approval. Ms. Navandar is a seasoned Chartered Accountant with over 30 years of experience across audit, insolvency, and corporate advisory roles. She currently holds independent directorships in several other listed companies.
Board Appointment Notification
Patel Engineering Ltd. announced a significant change to its Board structure following the recommendation of the Nomination and Remuneration Committee. The Board has approved the appointment of Ms. Sudha Pravin Navandar as an Additional (Independent) Director.
Term and Effective Date
The appointment is for a consecutive period of three (3) years. The tenure commences on March 16, 2026, and is set to conclude on March 15, 2029, contingent upon subsequent ratification by the shareholders of the Company.
Profile of the Newly Appointed Director
Ms. Sudha Navandar brings substantial expertise to the organization, primarily in the fields of finance, governance, and regulatory compliance. Her professional qualifications include being a Chartered Accountant, a Certified Public Accountant (USA), and an Insolvency Professional, along with a certification in Information System Audit (DISA).
She possesses more than 30 years of experience in audit, corporate consultancy, and advisory matters. Her profile suggests a strong focus on upholding integrity and professionalism while ensuring the company effectively manages risks and fosters growth.
Current Directorships
As a proven professional in corporate governance, Ms. Navandar currently serves as an Independent Director in numerous companies, including Hinduja Energy (India) Ltd, Tribhovandas Bhimji Zaveri Ltd, Anand Rathi Financial Services Ltd, Yasho Industries Ltd, and Sudarshan Chemical Industries Ltd, among others.
Declarations
The Company confirms that Ms. Sudha Pravin Navandar is not related to any existing Director of Patel Engineering Ltd. Furthermore, she has confirmed that she is not debarred from holding the office of Director by virtue of any order issued by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.
Source: BSE
