PPAP Automotive Appoints Meeta Makhan as Additional Independent Director
PPAP Automotive appointed Mrs. Meeta Makhan as Additional Independent Director, effective June 25, 2026. Her term extends until June 24, 2028, subject to shareholder approval. She brings over 25 years of financial sector experience and will serve on the Audit and Stakeholders Relationship Committees.
The appointment of an additional independent director is a standard governance practice and is unlikely to have a significant 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 a positive or negative financial implication for the company.
PPAP Automotive Limited announced the appointment of Mrs. Meeta Makhan as an Additional Director (Independent) on its Board of Directors, effective June 25, 2026. This appointment was approved by the Board through a resolution by circulation on the same date.
Mrs. Makhan's appointment is based on the recommendation of the Nomination and Remuneration Committee. She will hold office until the conclusion of the Annual General Meeting and, subject to shareholder approval, will serve as an Independent Director for a term of two consecutive years, up to June 24, 2028. She is not barred from holding a director's office by any SEBI order or other authority and meets the criteria for independence as per the Companies Act, 2013, and Listing Regulations.
Following her appointment, the Board of Directors has also reconstituted its committees. Mrs. Meeta Makhan has been appointed as a Member of the Audit Committee and the Stakeholders Relationship Committee. The revised composition of the Audit Committee includes Mr. Deepak Kumar Sethi as Chairperson, Mr. Rohit Rajput as Member, and Mr. Abhishek Jain as Member. The Nomination & Remuneration Committee will now be chaired by Mr. Rohit Rajput, with Mrs. Vinay Kumari Jain and Mr. Deepak Kumar Sethi as Members. The Stakeholders Relationship Committee will be chaired by Mrs. Vinay Kumari Jain, with Mrs. Meeta Makhan and Mr. Abhishek Jain as Members.
Mrs. Meeta Makhan brings over 25 years of experience in the banking and financial services sector, having held senior leadership positions at institutions like Citibank, Standard Chartered Bank, Barclays Bank, Bank of America, and IDFC Bank. She currently serves as an Independent Director on the boards of several listed entities, including DCM Shriram International Limited, Kanoria Chemicals & Industries Limited, Timex Group India Limited, and SV Creditline Limited. She is also the Founder of Doundo Services Private Limited, focusing on sustainability and green initiatives. Mrs. Makhan is not related to any existing Director on the PPAP Automotive board.
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