Mandeep Auto Industries Limited, a leading company in the automotive sector, has disclosed important changes to its management team, following the guidelines set by SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. These changes were communicated to the National Stock Exchange (NSE) on November 14, 2024, and are in line with the SEBI Circular dated July 13, 2023, ensuring compliance with all relevant corporate governance and regulatory standards.

The company has announced the appointment of Mr. Lakshay as the new Chief Financial Officer (CFO), effective November 15, 2024. Mr. Lakshay brings with him over three years of experience in financial management, regulatory compliance, and administration, making him a valuable addition to the leadership team.

Alongside Mr. Lakshay, Mrs. Sangeeta has been appointed as the Company Secretary and Compliance Officer, effective November 14, 2024. Mrs. Sangeeta is a qualified company secretary with extensive experience in business law, corporate compliance, and governance. Her expertise will support the company in navigating legal and regulatory requirements efficiently.

Additionally, Mr. Navneet Kumar and Mr. Keshav Ahuja have been appointed as Independent Directors on the company’s Board, effective November 14, 2024. Both are highly skilled professionals with strong backgrounds in law, commerce, and corporate governance. Their appointments are for a term of five years, lasting until November 13, 2029, subject to shareholder approval at the upcoming General Meeting.

The company also announced the resignation of Mr. Rajat Verma as CFO, effective November 14, 2024, citing personal reasons. Furthermore, Ms. Chanu Rajput and Mr. Manish Sharma have resigned as Independent Directors, also effective November 14, 2024, due to personal commitments and preoccupation. Both will cease to be members of the company's committees, including the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee.

These changes reflect the company’s commitment to strengthening its leadership team while ensuring compliance with all applicable regulatory frameworks.

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