HFCL Limited — Others, 17-12-2024: Appointment

HFCL has appointed Ms. Bela Banerjee as an Additional Independent Director for a three-year term starting December 17, 2024, pending shareholder approval. With over 37 years of experience in various government roles, including financial management in the Ministry of Railways, her expertise will bolster the Board's competencies. Additionally, the Board has reconstituted the Audit and Stakeholders Relationship Committees to include her, reflecting a strategic focus on strengthening governance. This update may foster a positive outlook among investors, as it signals a commitment to enhancing oversight and tapping into Banerjee’s extensive background.