Divyashakti Granites Re-appoints Ramakrishna Prasad Musunuri as Independent Director
Divyashakti Granites' Board of Directors has approved the re-appointment of Ramakrishna Prasad Musunuri as an Independent Director for a second 5-year term, starting January 27, 2025, subject to shareholder approval. Mr. Musunuri, 58, holds an MBA in Finance and brings over 20 years of experience in Finance, Accounts, Corporate Governance, and Risk Management. The decision was made through a circular resolution on January 21, 2025, following a recommendation from the Nomination and Remuneration Committee.
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Divyashakti Granites , a prominent player in its industry, has announced a significant change in its board composition. The company's Board of Directors has approved the re-appointment of Mr. Ramakrishna Prasad Musunuri as an Independent Director, signaling continuity in its governance structure.
Board Approval and Appointment Details
The decision to re-appoint Mr. Musunuri was made through a circular resolution on January 21, 2025. This move came on the heels of a recommendation from the company's Nomination and Remuneration Committee, underscoring the systematic approach to board appointments.
Mr. Musunuri is set to serve a second term of 5 years as a non-executive, Independent Director. His new term is scheduled to commence on January 27, 2025, subject to approval from the company's members.
Profile of Ramakrishna Prasad Musunuri
At 58 years old, Mr. Musunuri brings a wealth of experience to his role at Divyashakti Granites. He holds an MBA in Finance, which forms the foundation of his extensive expertise in the field.
Key highlights of Mr. Musunuri's professional background include:
- Over 20 years of experience in Finance and Accounts
- Expertise in Corporate Governance
- Proficiency in Risk Management
These skills are particularly valuable for his role as an Independent Director, where oversight and strategic guidance are crucial.
Independence and Corporate Governance
It's worth noting that Mr. Musunuri is not related to any other directors of Divyashakti Granites. This independence is crucial for maintaining objectivity and ensuring robust corporate governance practices within the company.
The re-appointment of Mr. Musunuri for a second term suggests that the Board values his contributions and believes in the continuity of his expertise for the company's future direction.
Looking Ahead
As Divyashakti Granites moves forward with this re-appointment, stakeholders will be keenly watching how Mr. Musunuri's continued presence on the board influences the company's strategic decisions and financial performance in the coming years.
The final approval from the company's members will be the next step in confirming this significant board-level decision.
Historical Stock Returns for Divyashakti Granites
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.05% | -8.93% | -7.59% | -8.39% | -14.49% | +48.42% |
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