Usha Martin Limited’s Board of Directors convened on May 26, 2026, approving key appointments and re-appointments. The company will see M/s. MSKA & Associates LLP appointed as Statutory Auditors for five years. Additionally, Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi have been re-appointed as Non-Executive Independent Directors for a second, final term of five years. New Additional Directors, Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder, have also been appointed.
Key Board Decisions at Usha Martin Limited
On May 26, 2026, the Board of Directors of Usha Martin Limited announced several significant decisions following its meeting. These resolutions encompass the appointment of the company’s statutory auditors and the re-appointment and appointment of key directors, reflecting the company’s strategic governance and operational planning.
Statutory Auditor Appointment
Following a recommendation from the Audit Committee, the Board has approved the appointment of M/s. MSKA & Associates LLP as the Statutory Auditors of the Company. This appointment is subject to shareholder approval and will be for a term of five consecutive years. The tenure will commence from the conclusion of the ensuing 40th Annual General Meeting (AGM) and continue until the conclusion of the 45th AGM. The current auditors, M/s. S R Batliboi & Co. LLP, will complete their second and final term upon the conclusion of the 40th AGM.
Director Re-appointments
The Board has also approved the re-appointment of two Non-Executive Independent Directors based on the recommendations of the Nomination and Remuneration Committee. Mr. Venkatachalam Ramakrishna Iyer (DIN: 02194830) and Mr. Sethurathnam Ravi (DIN: 00009790) will serve a second and final term of five consecutive years. These re-appointments are effective from November 12, 2026, up to November 11, 2031, inclusive, and are subject to shareholder approval.
New Additional Director Appointments
In addition to the re-appointments, the Board has approved the appointment of three individuals as Additional Directors (Non-Executive, Non-Independent). These appointments are effective from May 26, 2026:
- Ms. Shreya Jhawar (DIN: 11693142)
- Mr. Dimitri Bracco Gartner (DIN: 11689885)
- Mr. Sabyasachi Majumder (DIN: 11683481)
These appointments are based on the recommendations of the Nomination and Remuneration Committee.
Board Meeting Details
The Board Meeting commenced at 10:00 AM (IST) and concluded at 10:36 AM (IST) on May 26, 2026. The company has confirmed that none of the appointed or re-appointed directors are debarred from holding office by any order from SEBI or any other authority. This intimation is also being made available on the company’s website, www.ushamartin.com.
Source: BSE
