board has appointed Shikha Sharma and Haigreve Khaitan as Independent Directors of the company, to hold office for a term of 5 consecutive years each commencing from August 01, 2019.
Meanwhile, Ravi Kulkarni and Anupam Puri were appointed as Independent Directors of the Company at the 27th AGM held on August 01, 2014, to hold office for a term of 5 consecutive years upto July 31, 2019. They have opted not to be re-appointed as Independent Directors with effect from August 01, 2019, the company said in the press note.
The company would be seeking approval of the Members for the aforesaid appointments at the ensuing 32nd Annual General Meeting (AGM) of the Company to be held on Wednesday, July 31, 2019.
Haigreve Khaitan and Shikha Shanna are not related inter se to each other or to any other Director of the Company, the company said in the filing.
Haigreve Khaitan and Shikha Shanna are not debarred from holding the office of Directors by order of SEBI or other such authorities.
Tech Mahindra Ltd is currently trading at Rs739.10, down by Rs5.25 or 0.71% from its previous closing of Rs744.35 on the BSE. The scrip opened at Rs747 and has touched a high and low of Rs747 and Rs738.40 respectively.