HEC Infra Projects Limited — Important, 25-01-2025: Updates

The board of HEC Infra Projects Limited has approved several key appointments and changes in their recent meeting. Mr. Gaurang Shah has been re-appointed as Managing Director, Ms. Rupal G. Shah as Whole-Time Director, and Mr. Rahul G. Shah as Executive Director, effective from February 1, 2025, subject to shareholder approval. Additionally, three new Non-Executive Independent Directors—Mr. Yash Mehta, Mr. Ronak Mehta, and Ms. Rajkumari Udhwani—have been appointed for five-year terms starting January 25, 2025. The board acknowledged the resignations of Independent Directors Ms. Neetu Jalan, Ms. Dipika Soni, and Ms. Raina Singh, effective January 25, 2025, due to personal commitments.

On the audit front, Ms. Kashyap R. Mehta & Associates were appointed as Secretarial Auditors for FY 2024-25. The board also reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, effective from January 25, 2025. This reshuffle is expected to strengthen governance and operational oversight within the company, marking a strategic realignment with their long-term objectives. Investors may regard this as a positive development, reflecting responsiveness to evolving business dynamics.