Board Decision
The Board of Directors of Mercantile Ventures Limited, at their meeting held on Friday, 14th August 2026, approved the re-appointment of Mr. E N Rangaswami (DIN: 06463753) as Whole-time Director of the Company. The meeting commenced at 10:50 AM and concluded at 11:36 AM.
Reappointment Details
- Effective date of reappointment: 05th December 2026
- Term duration: 3 years (from 05th December 2026 to 04th December 2029)
- Current term expiration: 04th December 2026
- Previous appointment: Approved at Annual General Meeting held on 23rd September 2024 for 2 years
Approval Process
The reappointment was made:
- On recommendation of the Nomination and Remuneration Committee (NRC)
- Subject to approval of members at the ensuing Annual General Meeting
Director Profile
Mr. E N Rangaswami is a B.Sc graduate and Associate Member of the Institute of Chartered Accountants of India with over 47 years of experience in Finance and General Administration.
Professional Experience
- 21 years (1978-1999) in Finance and General Management of a Pharmaceutical Company in Chennai
- 12 years (1999-2012) in Finance & Accounts of Manali Petrochemicals Limited, Chennai
- 14 years as Whole-time Director of Mercantile Ventures Limited, responsible for complete operations of the Company
Current Directorships
Mr. Rangaswami currently holds directorships in:
- Mercantile Ventures Limited
- AMI Holdings Private Limited
- i3 Security Private Limited
- Walery Security Management Limited
- Twinshield Consultants Private Limited
Relationship Disclosure
Mr. E N Rangaswami is not related to any other Director of the Company.
Compliance Status
Mr. E N Rangaswami is not debarred from holding the Office of Director on account of any order of SEBI or any other such authority.