Naushad Forbes re-appointed as non-executive independent Director of Bajaj Finserv

by Psu Connect
Date: 13-02-24

The Finance company Bajaj Finserv has re-appointed Dr. Naushad Forbes as a non-executive Independent Director of the company.

Naushad Forbes re-appointed as non-executive independent Director of Bajaj Finserv

The company has stated that according to Regulations 30 and 51 of PartA and PartB of Schedule III of the SEBI Listing Regulations based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has recommended to the shareholders the re-appointment of Dr. Naushad Forbes as a Non-executive Independent Director for a second term of five consecutive years with effect from 1 April 2024 to 31 March 2029.

Dr Naushad Forbes, born on 13 May 1960, is a Non-Executive and Independent Director of the company and is Chairman of Forbes Marshall, India's leading process and energy efficiency company.

Dr. Forbes is on the Board of several educational institutions and public companies. Dr. Forbes has long been an active member of the Confederation of Indian Industry and was President of CII for 2016-17. He is also a founding member of Nayantara University, a full-service university opening in 2024, spearheaded by CII. Meanwhile, the company has clarified that Dr. Naushad Forbes is not in any way related to any of the directors of the company.