Welspun Corp appoints Arun Todarwal as Lead Independent Director; stock soars ~1.5%

Welspun Corp Limited informed that in its meeting held on June 27, 2022, it has appointed Arun Todarwal as the Lead Independent Director, Chairman of the Audit Committee, Nomination and Remuneration Committee, Share Transfer and Stakeholders’ Relationship Committee, member of Risk Management Committee, ESG and CSR Committee. His appointment shall be effective from July 1, 2022.

Arun will take charge of the office of K.H. Viswanathan who has resigned effective from July 1, 2022.

This is in response to a regular Board evaluation, in which the Board members felt the need to strengthen Board capabilities in terms of in-depth business and commercial understanding of the strengthening B2C business control-related capabilities, supply chain, and global operations, stated company in a regulatory filing.