Welspun Specialty Solutions Limited has made a regulatory disclosure regarding the appointment of a new independent director to its Board.
The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Dr. Prabodh Seth (DIN: 07913588) as an Additional Director in the capacity of Non-executive Independent Director. The appointment was approved on November 6, 2026.
Appointment Details
- Effective Date: November 6, 2026
- Term: Four consecutive years, from November 6, 2026 to November 5, 2030 (both days inclusive)
- Approval Status: Subject to approval by the Members of the Company
Director Background
Dr. Prabodh Seth is a distinguished officer of the 1989 batch of the Indian Revenue Service (IRS) with over three decades of experience in taxation, revenue administration, and public policy. His previous roles include:
- Member, Central Board of Direct Taxes (CBDT)
- Principal Chief Commissioner of Income Tax (International Taxation)
- Director General of Income Tax (Investigation), Mumbai
- Joint Secretary, Ministry of Social Justice & Empowerment
- Director, Research, Policy & Planning, Mauritius Revenue Authority
- Advisor to the Ministry of Finance and Economic Development, Mauritius
- IMF expert on tax administration in Africa
Compliance and Independence
Based on declarations received from Dr. Seth, the company confirms that:
- He is not debarred from holding the office of director by any order from SEBI or other regulatory/statutory authorities
- He meets all independence criteria prescribed under the Companies Act, 2013 and SEBI Listing Regulations
- He is independent of the management of the Company
- He is not related to any Director of the Company or any member of the Promoter or Promoter Group