Tilaknagar Industries Limited has announced the appointment of two new Additional Independent Directors: Lt. Gen Shailesh Tinaikar (Retd) and Mr. Sanjay Saxena. Both appointments are for a period of three years, commencing October 30, 2026, and are subject to member approval. The board also noted the cessation of two directors, Maj Gen Dr. Dilawar Singh (Retd) and Mr. Satish Chand Mathur, upon completion of their terms. The company has also reconstituted its various board committees.
Board Appointments and Governance Changes
Tilaknagar Industries Limited (TI) has announced significant changes to its Board of Directors, aimed at strengthening its governance framework. At a meeting held on October 30, 2026, the Board approved the appointment of Lt. Gen Shailesh Tinaikar (Retd) and Mr. Sanjay Saxena as Additional Independent Directors. These appointments are effective from October 30, 2026, and will last for a period of three years, concluding on October 29, 2029, subject to shareholder approval within three months of their appointment.
Director Cessations and Committee Reconstitution
The company also noted the cessation of Maj Gen Dr. Dilawar Singh (Retd) and Mr. Satish Chand Mathur as Independent Directors, effective from the close of business on October 30, 2026, upon completion of their respective second consecutive terms. Consequently, Maj Gen Dr. Dilawar Singh (Retd) has also stepped down from his roles as Chairman of the Stakeholders Relationship Committee and the Nomination and Remuneration Committee, and as a member of the Audit Committee.
Following these changes and the induction of the new directors, the Board of Directors has been reconstituted, with effect from October 31, 2026. The updated compositions for the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee have been detailed. The Risk Management Committee remains unchanged.
Financial Results Reviewed
Additionally, the Board considered and approved the unaudited financial results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, along with their limited review reports. The meeting commenced at 2:15 PM and concluded at 4:45 PM.
Source: BSE
