Shri Upendra Kumar Sinha (DIN: 00010336) ceased to be Director of Havells India Limited upon completion of his second term as Independent Director on 19th June 2026.
Shri Jalaj Ashwin Dani (DIN: 00019080) ceased to be Director of Havells India Limited upon completion of his second term as Independent Director on 19th June 2026.
Both directors were Non-executive Independent Directors of the Company.
The Board placed on record their sincere appreciation for the contributions made by both directors during their tenure.
Appointment of New Independent Directors
Shri Ashish Dhawan (DIN: 00015111) appointed as Additional Director (Independent) effective 19th June 2026.
Founder-CEO of The Convergence Foundation
Founding Chairperson of Ashoka University and Central Square Foundation
Serves on governing board of Gates Foundation
Former founder of ChrysCapital, India's leading private equity firm
Education: Yale University graduate, MBA from Harvard Business School
Member of India Advisory Board of Harvard and Yale's Development Council
Not related to any Director of the Company
Confirmed not debarred from holding office by SEBI or any other authority
Ms Shanti Ekambaram (DIN: 00004889) appointed as Additional Director (Independent) effective 19th June 2026.
Distinguished banking business and governance leader with 39 years of financial services experience
35-year tenure at Kotak Mahindra Bank, including as Deputy Managing Director and Whole-time Director (2022-2025)
Provided strategic oversight across Digital Banking, Treasury, Human Resources, Internal Audit, Vigilance, CSR/ESG, and Capital Market subsidiaries
Former CEO of Kotak Mahindra Capital Company (1997-2003), the investment banking joint venture with Goldman Sachs
Led team that pioneered India's first book-building transaction (Hughes Software IPO in 1999)
Currently serves on boards of Kotak Mahindra Capital Company, Kotak Securities, and Indian Institute of Management, Bangalore
Industry recognition: Ranked No. 1 on Candere Hurun India Women Leaders List 2025, Businesswoman of the Year 2025 by The CEO Magazine
Consistently recognized by Fortune India's '50 Most Powerful Women in Business' and Business Today's 'Most Powerful Women in Indian Business'
Qualifications: Chartered Accountant and Cost Accountant
Not related to any Director of the Company
Confirmed not debarred from holding office by SEBI or any other authority
Governance and Compliance
Appointments made upon recommendation of Nomination and Remuneration Committee
Board approval granted in Meeting held on 19th June 2026
Disclosure made in terms of Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Compliance with sub-para 7 of Para A of Part A of Schedule III of SEBI LODR
