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DCM Shriram Revamps Board, Appoints New Independent Directors

DCM Shriram Limited, a diversified conglomerate in India, announced a series of changes to its Board of Directors following the company's 35th Annual General Meeting (AGM) held on July 16, 2024.

Two existing independent directors, Mr. Pradeep Dinodia and Mr. Sunil Kant Munjal, have completed their second terms and stepped down from their positions. Mr. Dinodia, however, will continue to serve on the board as a Non-Executive Non-Independent Director.

The company has appointed five new independent directors to fill the vacancies and strengthen its governance structure. The new appointees are:

• Mr. Pranam Wahi: Chartered Accountant with over 40 years of banking and finance experience.
• Ms. Seema Bahuguna: Former IAS officer with extensive experience in policy formulation and implementation.
• Dr. Simrit Kaur: Professor of Economics and Public Policy, with expertise in development economics and environmental economics.
• Mr. Vipin Sondhi: Former MD & CEO of Ashok Leyland and JCB India, with a strong background in manufacturing and engineering.
• Mr. Vimal Bhandari: Independent Director (no additional information provided in the announcement)

These appointments reflect DCM Shriram's commitment to bringing in diverse expertise and perspectives to its board. The new directors bring a wealth of experience across various sectors, including banking, finance, policy, academia, and manufacturing.

The company has emphasized that all new directors meet the "fit and proper" criteria and are not disqualified from holding office under the Companies Act, 2013, or any SEBI order.

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