Capacite Infraprojects Appoints Mr. Chilakamarri Lakshmi Narasimha Charyulu as Additional Independent Director
Capacit'e Infraprojects Limited appointed Mr. Chilakamarri Lakshmi Narasimha Charyulu as an Additional Independent Director on March 25, 2026. He will serve a three-year term, subject to shareholder approval. Mr. Charyulu has 34 years of experience in banking, including senior roles at the State Bank of India.
The appointment of an independent director is a standard corporate governance practice. While important for oversight, it typically has a low direct impact on the company's day-to-day operations or financial results in the short term.
The appointment of an additional independent director is a routine corporate governance action and does not inherently signal a positive or negative shift in the company's immediate financial or operational performance.
Capacit'e Infraprojects Limited announced the appointment of Mr. Chilakamarri Lakshmi Narasimha Charyulu (DIN: 09376516) as an Additional Independent Director. The decision was approved by the Board of Directors on March 25, 2026, upon the recommendation of the Nomination and Remuneration Committee.
Mr. Charyulu's appointment is for a term of three consecutive years, effective March 25, 2026, and is subject to shareholder approval via a special resolution. The company confirmed that Mr. Charyulu meets all criteria for an Independent Director and is not debarred from holding such an office by any regulatory authority.
Mr. Charyulu, aged 60, brings over 34 years of experience from the State Bank of India, where he held senior positions including Chief General Manager. His expertise spans corporate credit, credit risk assessment, policy formulation, international banking, and retail banking. He is not related to any other director of the company. The Board meeting where this appointment was approved commenced at 3:30 PM IST and concluded at 4:10 PM IST on March 25, 2026.
This disclosure will also be available on the company's website, www.capacite.in.
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Capacit'e Infraprojects 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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