In a significant development, HFCL Limited has appointed Ms. Bela Banerjee (DIN: 07047271) as an Independent Director on its Board. The appointment, made by the Board via circulation on December 17, 2024, is set for a 3-year term from December 17, 2024, to December 16, 2027, subject to shareholder approval at the next general meeting or within three months of the appointment. The company, in compliance with SEBI regulations, has confirmed that Ms. Banerjee is not debarred from holding the office of a director by any regulatory authority.

Bela Banerjee’s Profile
With an impressive career spanning over 37 years, Ms. Banerjee brings valuable experience in public administration and financial management. She holds a Post Graduate degree in History from Banaras Hindu University and a law degree from Delhi University. Her distinguished career in the Indian Railways culminated in her role as Principal Financial Advisor and Chief Accounts Officer – Additional Secretary, where she was responsible for the financial appraisal of major investment proposals, including those for new lines, doubling, and bridges.

After retiring from the Indian Railways in 2010, Ms. Banerjee took on roles such as Member (Technical) at the Railway Claims Tribunal, and has served as a government-nominated director on the Container Corporation of India Limited. She is also a registered member of the Arbitration Council of India, handling arbitration cases in various railway and PSU sectors.

Her vast experience in financial management, project appraisal, and government policy is expected to strengthen HFCL’s corporate governance and strategic oversight.

Reconstitution of HFCL Committees
Alongside Ms. Banerjee’s appointment, HFCL has also reconstituted its Board Committees as part of its ongoing efforts to enhance governance. The Audit Committee has been reconstituted as follows:

• Mr. Bharat Pal Singh – Non-Executive Independent Director (Chairman)
• Mr. Ajai Kumar – Non-Executive Independent Director (Member)
• Ms. Bela Banerjee – Non-Executive Independent Director (Member)
• Mr. Arvind Kharabanda – Non-Executive Director (Member)

Additionally, the Stakeholders Relationship Committee has been restructured with the following members:

• Mr. Arvind Kharabanda – Non-Executive - Non-Independent Director (Chairman)
• Mr. Ranjeet Mal Kastia – Non-Executive - Non-Independent Director (Member)
• Ms. Bela Banerjee – Non-Executive - Independent Director (Member)

These changes come as part of HFCL’s commitment to enhance transparency and efficiency in its governance structures, which will support the company’s strategic direction and corporate responsibilities.

Conclusion
The appointment of Ms. Bela Banerjee as an Independent Director will significantly enhance HFCL’s leadership, bringing deep insights from her career in the Indian government and her experience in financial oversight and project management. The reconstitution of the company’s Audit Committee and Stakeholders Relationship Committee further underscores HFCL’s commitment to best practices in corporate governance.

The Upcoming IPOs in this week and coming weeks are Identical Brain Studios, Transrail Lighting, Mamata Machinery, DAM Capital  Sanathan Textiles, Concord Enviro, Newmalayan Steel, Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Solar91 Cleantech, Unimech Aerospace, Rosmerta Digital, Indo Farm, and Avanse FinancialThe Current active IPO is NACDAC Infrastructure, International Gemmological and Hamps Bio.

For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi. Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.