Apar Industries seeks shareholder approval for Pitamber Shivnani's appointment as Independent Director
Apar Industries Limited is seeking shareholder approval for the appointment of Mr. Pitamber Shivnani as an Independent Director. The e-voting period is from February 13 to March 14, 2026. Mr. Shivnani has extensive experience in the T&D sector and held leadership roles at ABB and GE.
The appointment of an independent director is a standard corporate governance procedure and typically has a low immediate impact on the company's operations or stock price.
The announcement is a routine corporate action to appoint a director, with no immediate positive or negative financial implications mentioned.
Apar Industries Limited has issued a notice for a postal ballot, seeking shareholder approval for the appointment of Mr. Pitamber Shivnani as an Independent Director (Non-Executive) of the Company. Mr. Shivnani's appointment is effective from January 29, 2026, for a term of up to five consecutive years.
The notice, dated January 29, 2026, details that Mr. Shivnani, with DIN 05187407, was appointed as an Additional Director on January 29, 2026. Shareholders will be able to cast their votes electronically through remote e-voting.
The e-voting period commences on Friday, February 13, 2026, at 10:00 Hrs IST and concludes on Saturday, March 14, 2026, at 17:00 Hrs IST. The cut-off date for determining voting rights is Friday, February 6, 2026.
Mr. Pitamber Shivnani brings extensive experience of almost four decades in the Transmission and Distribution sector. He holds a Bachelor of Engineering degree in Electrical Engineering from the University of Roorkee and has completed leadership programs from Harvard Business School and IMD. His career includes significant roles at ABB India Limited and GE Vernova T&D India Limited, where he served as CEO and Managing Director.
Mr. Hemang Mehta has been appointed as the Scrutinizer for the postal ballot process. The results of the e-voting will be declared within two working days of the conclusion of the remote e-voting period.
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Apar Industries Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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