HFCL Limited — Important, 17-12-2024: Updates

The Board of Directors has approved the appointment of Ms. Bela Banerjee as an Additional Independent Director for a term of three years, effective from December 17, 2024. This appointment is pending shareholder approval at the next general meeting. Ms. Banerjee brings over 37 years of experience in various government roles, notably in the Ministry of Railways and Ministry of Human Resource Development, with expertise in financial management and project appraisal.

Additionally, the Board has reconstituted several committees, including the Audit Committee and the Stakeholders Relationship Committee, effective the same date, with Ms. Banerjee joining both committees. Her extensive background may strengthen the company’s governance and operational framework. Overall, this leadership change could present potential growth opportunities and enhance investor confidence.