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Three directors quit Piramal Entreprises board to aid succession planning

Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE

Piramal group
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The company reported a 13.95 percent increase in its consolidated net profit to Rs 628.31 crore.

BS Reporter Mumbai
Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have quit their positions as per succession planning, the company said in a communication to BSE on Wednesday night.

"The company, being cognisant of the imminent maximum tenure guidelines, and to ensure continued smooth functioning of the board, has had discussions relating to succession planning for the idependent directors and it is in this regard that three independent directors of the board, Keki Dadiseth, Dr. R. A. Mashelkar and Professor Govardhan Mehta have tendered their resignations as Independent Directors with effect from the close

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First Published: Oct 29 2020 | 1:00 PM IST

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