Varroc Engineering Limited announced the appointment of Mr. Padmanabh Sinha as an Additional Director - Non-Executive and Independent Director, effective from July 18, 2025, for a term of five years. The board also noted the completion of tenure for three independent directors and the appointment of Mr. Anil Ghatiya as the Company Secretary and Compliance Officer. Appointment of Mr. Padmanabh Sinha Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Mr. Padmanabh Sinha (DIN 00101379) as an Additional Director - Non-Executive and Independent Director of the Company with effect from July 18, 2025, for a term of five (5) years commencing from July 18, 2025 to July 17, 2030. He will hold office up to the date of the next Annual General Meeting of the Company or until his appointment is regularized by the shareholders through Postal Ballot or approval at a General Meeting, whichever is earlier. Mr. Sinha is the Managing Partner and Co-founder of LaunchBay Capital. He has over 25 years of experience across private equity and tech entrepreneurship. Previously, he served as Executive Director and CIO – Private Equity at the National Investment & Infrastructure Fund (NIIF) and was Managing Partner and co-founded the Tata Opportunities Fund. Completion of Tenure of Independent Directors Mr. Gautam Khandelwal (DIN-00270717), Mr. Marc Szulewicz (DIN-01911768), and Mrs. Vijaya Sampath (DIN-00641110), who were appointed as Independent Directors for a second term of five years effective from June 25, 2020, will complete their term on July 19, 2025. The Board of Directors placed on record its appreciation for their valuable contributions during their association with the Company. Resignation and Appointment of Company Secretary and Compliance Officer Mr. Ajay Kumar Sharma, the Company Secretary and Compliance Officer, tendered his resignation due to personal reasons, effective from the close of business hours on July 31, 2025. The Board has appointed Mr. Anil Ghatiya (ICSI Membership No A-16620) as the Company Secretary and Compliance Officer, effective from July 31, 2025. Mr. Ghatiya has been with the Varroc Group since 2003 and has over two decades of experience in corporate restructuring, including IPOs, mergers, and acquisitions. Board Composition Post these changes, the composition of the Board of Directors will be as follows:
- Mr. Tarang Jain - Chairman & Managing Director
- Dr. Vinish Kathuria - Non-Executive Independent Directo
- Mrs. Liselott Kilaas - Non-Executive Independent Director
- Mr. Akshay Chudasama - Additional Director - Non-Executive Independent Director
- Mr. Padmanabh Sinha - Additional Director - Non-Executive Independent Director
- Mr. Arjun Jain - Whole Time Director
- Mr. Dhruv Jain - Whole Time Director
