Indoworth Holdings appoints Kishor Jhunjhunwala as independent director
- Indoworth Holdings appointed Kishor Jhunjhunwala as additional independent director
- Appointment effective September 4, 2026, subject to shareholder approval
- Vivek Chaudhary resigned as independent director due to pre-occupation
- Chaudhary ceases membership in Audit and Nomination committees
- Jhunjhunwala is a Chartered Accountant with finance and management experience
*this image is generated using AI for illustrative purposes only.
Indoworth Holdings Limited appointed Kishor Jhunjhunwala as an additional non-executive independent director on September 4, 2026. The company simultaneously accepted the resignation of Vivek Chaudhary from the independent director position.
The Board of Directors approved the appointment based on a recommendation from the Nomination and Remuneration Committee. Mr. Jhunjhunwala will serve for a term of five years, subject to shareholder approval at the ensuing Annual General Meeting. He holds office until the AGM and thereafter for the full term if ratified.
New Director Profile
Mr. Jhunjhunwala is a qualified Chartered Accountant with extensive experience in accounts, finance, and management. The company confirmed he is not related to any existing director under Section 2(77) of the Companies Act, 2013. He meets all independence criteria prescribed under the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
| Director Name | Designation | Appointment Date | Term | Qualification |
|---|---|---|---|---|
| Kishor Jhunjhunwala | Additional Non-Executive Independent Director | September 4, 2026 | 5 years (subject to AGM) | Chartered Accountant |
Resignation Details
Mr. Chaudhary tendered his resignation effective close of business hours on September 4, 2026, citing pre-occupation elsewhere. Consequently, he ceased to be a member of the Audit Committee, Stakeholder and Relationship Committee, and Nomination and Remuneration Committee.
The company stated that Mr. Chaudhary confirmed there are no material reasons for his resignation other than those mentioned in his letter. He previously held directorships in Uniworth International Ltd and Unirama Industries Ltd, serving on their respective Audit and Nomination and Remuneration Committees.
How might Kishor Jhunjhunwala's background as a Chartered Accountant influence Indoworth's financial reporting and audit oversight strategies in the coming fiscal year?
What potential impact could the simultaneous exit of Vivek Chaudhary from multiple key committees have on the continuity of governance processes at Indoworth?
Are there any anticipated changes in Indoworth's strategic direction or risk management approach under the new board composition?
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