Tega Industries Limited announced today, August 13, 2026, the re-appointment of Mr. Ashwani Maheshwari as an Independent Director. His second term of 5 years will commence from April 01, 2027, through March 31, 2032. This decision, approved by the Board of Directors upon recommendation from the Nomination and Remuneration Committee, is subject to shareholder approval. Mr. Maheshwari brings extensive cross-industry experience to the company’s governance and strategic direction.
Board Approves Director Re-appointment
Tega Industries Limited has announced the re-appointment of Mr. Ashwani Maheshwari (DIN: 07341295) as an Independent Director. The decision was made by the Board of Directors during their meeting held on August 13, 2026. This re-appointment is for a second term, spanning five consecutive years, commencing from April 01, 2027, and concluding on March 31, 2032. The approval is contingent upon the consent of the Company’s members.
Key Details of Re-appointment
The Nomination and Remuneration Committee recommended Mr. Maheshwari for re-appointment, a recommendation subsequently approved by the Board. This move signifies continuity in leadership and governance. The detailed information, as required by SEBI Listing Regulations, has been enclosed as Annexure A. The Board meeting commenced at 12:30 Hrs and concluded at 14:25 Hrs on August 13, 2026.
Director’s Profile and Relationships
Mr. Ashwani Maheshwari possesses a wealth of experience across various sectors including auto components, FMCG, and information technology. His career includes significant roles at Tata Steel and advisory positions with organizations like Birla Tyres and Kedaara Capital. He is an alumnus of the Indian Institute of Technology, Roorkee, and London Business School. Notably, Mr. Maheshwari is not related to any of the current Directors of Tega Industries Limited and is not debarred from holding a directorship by any SEBI order or other authority.
Source: BSE
