Advertisement
Corporate

HFCL Appoints Anil Narendra Shah as Independent Director, Revamps Board Committees

HFCL Limited appoints Anil Narendra Shah as Independent Director for a 3-year term and reorganizes board committees; Bharat Pal Singh completes second term.
HFCL Appoints Anil Narendra Shah as Independent Director, Revamps Board Committees

New Delhi: HFCL Limited has announced a key update to its Board of Directors. Mr. Anil Narendra Shah has been appointed as an Additional Independent Director for a three-year term, effective January 21, 2026. This appointment is subject to shareholder approval at the upcoming general meeting or within three months, whichever comes first.

Mr. Shah brings over four decades of experience in legal, regulatory, and capital market domains. He is a Fellow Member of both the Institute of Chartered Accountants of India (FCA) and the Institute of Company Secretaries of India (FCS). Additionally, he is an Advocate and Solicitor of England & Wales and an Associate Chartered Secretary & Administrator in the UK. Mr. Shah has previously served as Joint Secretary of the Bombay Stock Exchange and has been actively involved in arbitration and market reforms in India.

Alongside Mr. Shah’s appointment, HFCL has reconstituted several board committees to streamline governance and oversight:

  • Audit Committee – Chaired by Mr. Ajai Kumar, with Mr. Shah, Ms. Bela Banerjee, and Mr. Arvind Kharabanda as members.

  • Nomination, Remuneration & Compensation Committee – Chaired by Mr. Ajai Kumar, members include Ms. Bela Banerjee and Mr. Arvind Kharabanda.

  • Risk Management Committee – Chaired by Managing Director Mr. Mahendra Nahata, with Mr. Shah and Mr. Arvind Kharabanda as members.

  • CSR Committee – Chaired by Mr. Nahata, with Mr. Ajai Kumar and Dr. Ranjeet Mal Kastia as members.

  • Fund Raising Committee – Chaired by Mr. Nahata, with Mr. Ajai Kumar and Mr. Arvind Kharabanda.

  • Allotment Committee (Warrants) – Chaired by Mr. Nahata, with Mr. Shah and Mr. Kharabanda.

  • ESG Committee – Chaired by Mr. Shah, including Mr. Nahata, Mr. Kharabanda, CFO Mr. Vijay Raj Jain, and other senior executives.

 

Advertisement

The company also announced that Mr. Bharat Pal Singh will cease to be a director effective January 21, 2026, following the completion of his second term as an Independent Director. HFCL expressed its gratitude for his valuable contributions during his tenure.

HFCL emphasized that these changes reflect its ongoing commitment to strong corporate governance, regulatory compliance, and board effectiveness. The updated board information is available on the company’s website www.hfcl.com.

Advertisement