Nagpur Power re-appoints Gautam Khandelwal as Executive Chairman
Nagpur Power and Industries Limited's Board has approved the re-appointment of Mr. Gautam Khandelwal as Executive Chairman for three years effective June 30, 2026, pending shareholder approval. The decision follows the Nomination and Remuneration Committee's recommendation. Mr. Khandelwal, a promoter group member with 36 years of experience, holds degrees from the University of Mumbai and the London School of Economics.
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Nagpur Power and Industries Limited has approved the re-appointment of Mr. Gautam Khandelwal as Executive Chairman for a term of three years effective June 30, 2026, subject to shareholder approval. The decision was taken by the Board of Directors at its meeting held on May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is intended to ensure continuity in leadership as the company moves forward.
Mr. Gautam Khandelwal holds a BA (Economics) degree from the University of Mumbai and studied Economics at the London School of Economics. He brings approximately 36 years of business experience across various industries to the role. He is part of the promoter group but is not related to any other director on the board.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that Mr. Khandelwal is not debarred from holding the office of Director by any SEBI order or other authority.
Details of Re-appointment
| Particular | Details |
|---|---|
| Name | Mr. Gautam Khandelwal (DIN: 00270717) |
| Designation | Whole Time Director designated as Executive Chairman |
| Date of Re-appointment | June 30, 2026 |
| Term | Three (3) Years |
| Relationship | Promoter Group |
The appointment requires the consent of shareholders through a postal ballot or general meeting process. The company will announce the record date and voting procedures in due course. Mr. Khandelwal's extensive experience is expected to guide the company's strategic initiatives during his new term.
Historical Stock Returns for Nagpur Power & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.51% | +2.69% | +4.23% | +79.50% | +17.51% | +345.44% |
What strategic initiatives does Mr. Khandelwal plan to prioritize during his new three-year term?
How will the company ensure a smooth leadership transition once Mr. Khandelwal's term concludes?
What impact will this re-appointment have on shareholder confidence and voting outcomes?
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