Mahindra & Mahindra Shareholders Approve Two New Independent Directors
Mahindra & Mahindra shareholders approve the appointment of Ms. Samina Hamied and Mr. M.R.P.R. Vijay Kumar as Independent Directors for a 5-year term via Postal Ballot, effective Oct 7, 2025.
Mumbai, November 27, 2025: Mahindra & Mahindra Ltd. has announced that its shareholders have formally approved the appointment of Ms. Samina Hamied and Mr. Muthu Raju Paravasa Raju Vijay Kumar as Independent Directors of the company. The approval was granted through special resolutions passed via postal ballot on November 26, 2025.
The two leaders were earlier appointed as Additional Directors by the Board on October 7, 2025, and their continuation on the Board has now been confirmed by shareholders. Both appointments are for a five-year term, beginning October 7, 2025, and ending on October 6, 2030.
Mahindra & Mahindra stated that the appointments align with the requirements of Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR). The details have also been made available on the company’s official website.
About the Appointees
1. Ms. Samina Hamied
A distinguished business leader, Ms. Hamied belongs to the founding family of Cipla, the global healthcare major. She played a pivotal role as Cipla’s Executive Vice Chairperson between 2016 and 2024, during which she led significant transformation initiatives, strengthened governance systems, and championed diversity and inclusion.
She is also the Founder & Managing Partner of AYRA Ventures, which invests in high-potential consumer businesses. Additionally, she serves as an Independent Director at The Olayan Group. Ms. Hamied holds an MSc in International Accounting and Finance from the London School of Economics and previously worked with Goldman Sachs in London and New York.
Her achievements include several recognitions, such as EY Entrepreneur of the Year (2022), Businesswoman of the Year – ET Awards (2021), and multiple listings among India’s Most Powerful Women in Business.
2. Mr. Muthu Raju Paravasa Raju Vijay Kumar
A seasoned finance professional, Mr. Vijay Kumar is a Chartered Accountant, Cost and Management Accountant, and Company Secretary. He currently serves as Executive Director at Sify Technologies Limited, and has extensive experience in investment banking, financial reporting, and corporate governance.
He has held several international roles, including membership in the IFRS Interpretation Committee, the IFRS Advisory Council, and the SMEIG group of the IFRS Foundation. He has also contributed to national bodies such as ICAI and NFRA.
He currently serves as an Independent Director on the Boards of LIC, Wheels India, Heritage Foods, and ONGC Petro Additions Ltd, alongside leadership roles in Sify Technologies and Geojit Investments.
Compliance and Governance
The company confirmed that both newly appointed directors are not related to each other or to any member of the Board. They are also not debarred from holding the position of director by SEBI or any other authority.
Mahindra & Mahindra emphasised that these appointments reflect its ongoing commitment to strengthening board diversity, corporate governance, and strategic oversight.