Carysil Appoints Mr. Prayasvin B. Patel as Additional Independent Director
Carysil Limited appointed Mr. Prayasvin B. Patel as an Additional Independent Director effective September 22, 2026. The appointment is subject to member approval. Mr. Patel brings extensive experience from the engineering and manufacturing sectors. A postal ballot notice will be sent to members, with September 25, 2026, as the cut-off date.
The appointment of an independent director can strengthen corporate governance and strategic oversight, potentially impacting the company's long-term direction.
The appointment of an experienced director is generally viewed positively as it can bring valuable expertise to the company.
CARYSIL LIMITED announced the appointment of Mr. Prayasvin B. Patel (DIN: 00037394) as an Additional Director, designated as an Independent Director, effective September 22, 2026. This appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the company's members.
The appointment will be in compliance with Regulation 17(1C) and Regulation 25(2A) of the Listing Regulations and relevant provisions of the Companies Act, 2013. Mr. Patel is a veteran industrialist with over five decades of experience in the engineering and manufacturing sector. He has a strong track record, having led Elecon Engineering Company Limited and built its Gear Division into Asia's largest industrial gear manufacturer.
Additionally, the board approved the draft postal ballot notice, which will be sent electronically to members. The cut-off date for determining the list of beneficial owners for this purpose is Friday, September 25, 2026. The Board meeting commenced at 11:40 AM and concluded at 01:15 PM on September 22, 2026.
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