IT major Mahindra Satyam today said it has appointed T N Manoharan and Ravindra Kulkarni as additional directors on its Board.
"TN Manoharan and Ravindra Kulkarni are co-opted as additional directors on the Board of the Company, wef July 18, 2012," Satyam Computer Services said in a filing to the BSE.
Yesterday, the company had said its government-nominated board members - Manoharan and Ashok Kacker - had ceased to be directors on the board of the company with effect from July 16, in accordance to a Ministry of Corporate Affairs letter.
Manoharan, the past President of Institute of Chartered Accountants of India, was nominated by the government to the company board and has served as the Audit Committee Chairman till July 15, 2012.
He has also been a member of the Advisory Board on Banks, Commercial and Financial Frauds (ABBCF) constituted by Central Vigilance Commission.
Kulkarni is a Senior Partner of Khaitan & Co and with experience of nearly four decades in the legal arena. He is on the Boards of several listed companies including Mahindra & Mahindra Ltd and Tech Mahindra Ltd.
Satyam Computer Services was re-branded as Mahindra Satyam after it was bought by Tech Mahindra Ltd in 2009, following the confession of a multi-crore accounting fraud by founder B Ramalinga Raju.