NewsPanasonic Carbon India Announces Director Cessation and New Independent Director Appointment Effective June 2026Panasonic Carbon India Announces Director Cessation and New Independent Director Appointment Effective June 2026
Panasonic Carbon India Co. Limited notified the BSE on 6 May 2026 that Mr. Kola Paul Jayakar's second and final term as Non-Executive Independent Director will conclude at the close of business hours on 29 June 2026. The Board, on the recommendation of the Nomination and Remuneration Committee, unanimously approved the appointment of Mr. Prasad Bala Nagendra Venkatavara Vadlapatla (DIN: 11277706) as Non-Executive Independent Director effective 30 June 2026, for a first term of 3 consecutive years, subject to shareholder approval. Mr. Vadlapatla is a Chartered Accountant with over 28 years of experience across accounting, taxation, governance, SOX compliance, and shared services transitions. There are no inter-se relationships between the Board of Directors.
*this image is generated using AI for illustrative purposes only.
Panasonic Carbon India Co. Limited disclosed a change in its Board of Directors through a regulatory filing submitted to the BSE on 6 May 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors, at its meeting held on Wednesday, 6 May 2026, noted the impending conclusion of a director's term and approved the appointment of a successor, subject to shareholder ratification.
Director Cessation: Mr. Kola Paul Jayakar
The Board formally noted that the second and final consecutive term of Mr. Kola Paul Jayakar as a Non-Executive Independent Director of the Company will conclude at the close of business hours on 29 June 2026. This cessation marks the completion of his full statutory tenure in the role. The key details of this change are summarised below:
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Kola Paul Jayakar |
| Designation: | Non-Executive Independent Director |
| Reason for Change: | Conclusion of second and final consecutive term |
| Effective Date of Cessation: | Close of business hours on 29 June 2026 |
New Appointment: Mr. Prasad Bala Nagendra Venkatavara Vadlapatla
Based on the recommendation of the Nomination and Remuneration Committee, the Board unanimously approved the appointment of Mr. Prasad Bala Nagendra Venkatavara Vadlapatla (DIN: 11277706) as Non-Executive Independent Director, effective 30 June 2026. The appointment is subject to the approval of the members at the ensuing Annual General Meeting. The details of the new appointment are as follows:
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Prasad Bala Nagendra Venkatavara Vadlapatla |
| DIN: | 11277706 |
| Designation: | Non-Executive Independent Director |
| Effective Date of Appointment: | 30 June 2026 |
| Term: | First term — 3 consecutive years |
| Subject To: | Shareholder approval at the ensuing Annual General Meeting |
| Inter-se Relationships: | No inter-se relationships between Board of Directors |
Profile of the Incoming Director
Mr. Prasad Bala Nagendra Venkatavara Vadlapatla is a Chartered Accountant with over 28 years of professional experience. His areas of expertise span accounting, taxation, governance and control, and budgeting and forecasting. He has hands-on experience in conducting due diligence for acquisitions, managing post-acquisition mergers, and handling related compliance, tax, and statutory activities.
His professional background includes the following key areas:
- Setting up and leading core teams to transition accounting functions from multiple geographies to Shared Services Centres
- Identification of processes, transaction processing, and development of performance measurement metrics for shared services
- Establishing accounting departments and systems when companies expanded into new geographies
- Representing companies before Income Tax, Service Tax, PF, and ESI authorities
- Implementing SOX compliance and overseeing control and compliance activities
Regulatory Compliance
The disclosures were made in accordance with Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30 January 2026. The filing was signed by Mr. Brajesh Baral, Company Secretary and Compliance Officer of Panasonic Carbon India Co. Limited, on 6 May 2026.
Historical Stock Returns for Panasonic Carbon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | +2.22% | +10.38% | +1.16% | +2.86% | +6.31% |
How might Mr. Vadlapatla's expertise in shared services transitions and SOX compliance influence Panasonic Carbon India's governance and operational efficiency strategies going forward?
Will the change in independent director composition affect the Audit or Nomination and Remuneration Committee structures, and could this shift the company's approach to financial oversight?
Given Mr. Vadlapatla's background in due diligence and post-acquisition mergers, could this appointment signal potential M&A activity or geographic expansion plans for Panasonic Carbon India?
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