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. His appointment is effective March 25, 2026, for a three-year term, subject to shareholder approval. Mr. Charyulu has over 34 years of banking experience with the State Bank of India.
The appointment of an independent director is a standard corporate governance practice and typically has a low immediate impact on the company's operations or financial performance.
The appointment of a new director is a routine corporate governance event and does not inherently carry positive or negative financial implications on its own.
Capacit’e Infraprojects Limited has announced the appointment of Mr. Chilakamarri Lakshmi Narasimha Charyulu (DIN: 09376516) as an Additional Independent Director to its Board of Directors. This decision was approved during a Board meeting held on March 25, 2026, following a recommendation from the Nomination and Remuneration Committee.
Mr. Charyulu's appointment is effective immediately, March 25, 2026, and is for a term of three consecutive years. This appointment is subject to the approval of the company's shareholders through a special resolution. The company has 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 extensive experience from his tenure at the State Bank of India, where he held senior leadership roles, 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.
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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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