Mafatlal Industries Limited has announced the reconstitution of its Board Committees, effective from April and May 2025. The new committee compositions were approved by the Board of Directors in their meeting held on 25th March 2025. The updated structure aims to strengthen governance, ensure proper oversight, and enhance operational efficiency in line with regulatory requirements.

Audit Committee Reconstitution

Effective 16th April 2025, the Audit Committee will be reconstituted as follows:

• Mr. Atul Srivastava – Chairman (Non-Executive & Independent Director)

• Mr. Jyotin Mehta – Member (Non-Executive & Independent Director)

• Mr. Ashutosh Bishnoi – Member (Non-Executive & Independent Director)

• Dr. Archana Hingorani – Member (Non-Executive & Independent Director)

The Audit Committee is primarily responsible for overseeing the company’s financial reporting process, internal controls, and compliance with accounting standards. The new composition strengthens the oversight function, ensuring independence and expertise in financial matters.

Nomination & Remuneration Committee Reconstitution

Effective 15th May 2025, the Nomination & Remuneration Committee will be reconstituted as follows:

• Mr. Ashutosh Bishnoi – Chairman (Non-Executive & Independent Director)

• Mr. Jyotin Mehta – Member (Non-Executive & Independent Director)

• Mr. Deepak Khetrapal – Member (Non-Executive & Independent Director)

• Mr. Hrishikesh Mafatlal – Member (Executive & Promoter Director)

This committee will continue its role in overseeing the nomination process for directors, key managerial personnel, and their compensation packages. The reconstitution brings additional independent directors to the committee, ensuring impartial decision-making and greater transparency.

Corporate Social Responsibility (CSR) Committee Reconstitution

The CSR Committee will have the following members:

• Mr. Hrishikesh Mafatlal – Chairman (Executive & Promoter Director)

• Mr. Abhay Jadeja – Member (Non-Executive & Independent Director)

• Mr. Atul Srivastava – Member (Non-Executive & Independent Director)

The CSR Committee is responsible for ensuring that the company fulfills its corporate social responsibility obligations, particularly in community development, environmental sustainability, and other social causes. The committee's reconstitution ensures balanced representation and an effective approach to CSR activities.

Stakeholders Relationship Committee Reconstitution

The Stakeholders Relationship Committee will be composed of:

• Mr. Abhay Jadeja – Chairman (Non-Executive & Independent Director)

• Mr. Hrishikesh Mafatlal – Member (Executive & Promoter Director)

• Mr. Deepak Khetrapal – Member (Non-Executive & Independent Director)

• Mr. Priyavrata Mafatlal – Member (Managing Director & Promoter Director)

This committee will continue to oversee the redressal of stakeholders' grievances and ensure effective communication between the company and its shareholders. The new structure enhances representation across various stakeholder groups, improving the committee's ability to address concerns promptly.

Governance and Compliance

The reconstitution of these committees reflects the company's ongoing commitment to good corporate governance practices and ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new compositions will enhance decision-making processes, improve oversight, and align the company's internal structures with best practices in governance.

Implications for Stakeholders

This reconstitution is expected to provide greater clarity on roles and responsibilities, enhancing transparency and accountability within the company. The active participation of independent directors in key committees strengthens investor confidence and assures better governance standards.

Conclusion

Mafatlal Industries Limited’s decision to reconstitute its Board Committees underlines its dedication to maintaining high standards of corporate governance and regulatory compliance. By ensuring that each committee has the right mix of expertise and independence, the company aims to provide effective oversight, promote sustainability, and safeguard the interests of its stakeholders.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited,Identixweb Limited,Retaggio Industries Limited,Infonative Solutions Limited.

The Current active IPO are ATC Energies System Limited, Shri Ahimsa Naturals Limited,Desco Infratech Limited,Rapid Fleet Management Services, Active Infrastructures Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.