Atlanta Trafo Limited Shareholders Approve Two Independent Directors at General Meeting
Shareholders of Atlanta Trafo Limited, a material unlisted subsidiary of Atlanta Electricals Limited, approved the appointment of Mr. Dukhabandhu Rath (DIN: 08965826) as Non-Executive Independent Director and Mrs. Jinkal Darshan Patel (DIN: 08729869) as Non-Executive Independent Woman Director at a General Meeting on May 12, 2026. Both directors, who already serve on the board of Atlanta Electricals Limited, have been appointed for a five-year term from May 12, 2026 to May 11, 2031, in compliance with Regulation 24(1) of SEBI LODR Regulations.
*this image is generated using AI for illustrative purposes only.
Atlanta Electricals Limited has informed the stock exchanges that shareholders of Atlanta Trafo Limited, its material unlisted subsidiary, have approved the appointment of two Non-Executive Independent Directors at the General Meeting held on May 12, 2026. The intimation was filed pursuant to Regulation 24(1) and Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors have been appointed for a first term of five consecutive years, commencing from May 12, 2026 to May 11, 2031 (both days inclusive), and are not liable to retire by rotation.
Appointment Details
The following table summarises the key details of the two directors approved at the General Meeting of Atlanta Trafo Limited:
| Parameter: | Mr. Dukhabandhu Rath | Mrs. Jinkal Darshan Patel |
|---|---|---|
| DIN: | 08965826 | 08729869 |
| Designation: | Non-Executive Independent Director | Non-Executive Independent Woman Director |
| Term: | Five consecutive years | Five consecutive years |
| Effective From: | May 12, 2026 | May 12, 2026 |
| Effective To: | May 11, 2031 | May 11, 2031 |
| Liable to Retire by Rotation: | No | No |
| Debarred by SEBI or any authority: | No | No |
Profiles of Appointed Directors
Mr. Dukhabandhu Rath (DIN: 08965826)
Mr. Dukhabandhu Rath is a senior banking professional with nearly four decades of experience in the banking and finance sector. He served State Bank of India for 36 years and retired as Chief General Manager and Head of SBI operations for Gujarat and 3 Union Territories. He possesses extensive experience in banking, finance, fund mobilisation, and strategic management, and also served as Managing Director of Gujarat Venture Finance Limited (GVFL). Mr. Rath holds degrees in Political Science and Economics and has completed a Management Development Programme from Indian School of Business, Hyderabad. He is presently serving as Independent Director on the boards of various companies.
Mr. Rath is an existing Independent Director on the board of Atlanta Electricals Limited, and his appointment on the board of the material unlisted subsidiary has been made in compliance with Regulation 24(1) of SEBI LODR Regulations. He is not related to any Director of the Company.
Mrs. Jinkal Darshan Patel (DIN: 08729869)
Mrs. Jinkal Darshan Patel is a seasoned leader with over 19 years of experience in the finance and pharmaceutical industries. She holds a Bachelor of Engineering in Electronics and Communication from S.P. University and an MBA in Finance from Pace University, New York, and gained approximately 2 years of experience in the finance field in the United States. Since joining Elysium Pharmaceuticals in 2009, Mrs. Patel has played a role in driving the company's growth and establishing its reputation on a global scale.
Mrs. Patel is an existing Independent Director on the board of Atlanta Electricals Limited, and her appointment on the board of the material unlisted subsidiary has been made in compliance with Regulation 24(1) of SEBI LODR Regulations. She is not related to any Director of the Company.
Regulatory Compliance
The intimation has been filed in accordance with the applicable regulatory framework. Key compliance details are as follows:
- Both appointments are made pursuant to Regulation 24(1) of SEBI LODR Regulations, which governs the appointment of Independent Directors on the boards of material unlisted subsidiaries.
- Disclosures have been made as required under Regulation 30 read with Schedule III of SEBI LODR Regulations.
- Details have been provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Neither Mr. Dukhabandhu Rath nor Mrs. Jinkal Darshan Patel is debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority, as required under BSE Circular ref. no. LIST/COMP/14/2018-19 and NSE Circular ref. no. NSE/CML/2018/24, both dated June 20, 2018.
The intimation was signed by Tejalben Saunakkumar Panchal, Company Secretary and Compliance Officer of Atlanta Electricals Limited.
How might the addition of independent directors with banking and pharmaceutical backgrounds influence Atlanta Trafo Limited's future fundraising strategies or potential listing plans?
Could the strengthening of Atlanta Trafo Limited's board governance signal Atlanta Electricals Limited's intention to eventually list the subsidiary on stock exchanges?
How will the dual board membership of Mr. Rath and Mrs. Patel across both Atlanta Electricals Limited and Atlanta Trafo Limited affect oversight efficiency and potential conflict-of-interest management going forward?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
