NIBE Limited Appoints Rajagopalan Madhavan as Independent Director
NIBE Limited appointed Mr. Rajagopalan Madhavan as an Independent Director for a five-year term effective March 25, 2026. The appointment was confirmed via postal ballot on June 19, 2026. Mr. Madhavan is a Mechanical Engineer and former CMD of Hindustan Aeronautics Limited.
The appointment of an independent director can strengthen corporate governance and strategic oversight, which may have a medium-term impact on the company's performance and stakeholder confidence.
The appointment of an experienced independent director is generally viewed positively for corporate governance.
NIBE Limited has announced the appointment of Mr. Rajagopalan Madhavan as an Independent Director. This appointment was confirmed through Special Resolutions passed by the Company Members via Postal Ballot, with the results declared on June 19, 2026. Mr. Madhavan's appointment is effective from March 25, 2026, for a term of five consecutive years, and he will not be liable to retire by rotation. He was initially appointed as an Additional Director in the capacity of Non-Executive, Independent Director by the Board on March 25, 2026.
Mr. Madhavan is a Mechanical Engineer graduate from NIT Raipur with a postgraduate M. Tech from IIT Madras. He previously served as the Chairman and Managing Director of Hindustan Aeronautics Limited. The company has confirmed that Mr. Madhavan is not debarred from holding the office of Director by any SEBI order or any other such authority, and he is not related to any of the Directors of NIBE Limited.
This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations. The information is also available on the company's website, www.nibelimited.com.
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