Indian Terrain Fashions Limited Reconstitutes Audit Committee Following Board Changes

1 min read Updated on 29 Jan 2026, 05:19 PM

Reviewed by

Suketu GScanX News Team

Overview

Indian Terrain Fashions Limited reconstituted its Audit Committee on January 29, 2026, appointing Mrs. Nidhi Reddy as new Independent Director member to replace Mr. P S Raghavan, who passed away in November 2025. The three-member committee continues with Mr. Tarique Ansari as Chairman and Mr. Charath Ram Narsimhan as Managing Director & CEO member.

*this image is generated using AI for illustrative purposes only.

Indian terrain Fashions Limited has announced the reconstitution of its Audit Committee effective January 29, 2026, following recent changes in board composition. The company informed stock exchanges BSE and NSE about the committee restructuring through an official intimation.

Board Resolution and Effective Date

The Board of Directors approved the reconstitution through a resolution passed by circulation on January 29, 2026. The changes take effect from the same date, ensuring continuity in the company's governance structure.

Audit Committee Composition Changes

The reconstitution addresses the vacancy created following the demise of committee member Mr. P S Raghavan on November 24, 2025. The company had previously informed stock exchanges about this development through intimation ITFL/SEC/2025-26/NOV/07 dated November 25, 2025.

Position	Previous Member	New Member	Designation	Role
Chairman	Mr. Tarique Ansari	Mr. Tarique Ansari	Independent Director	Chairman of Audit Committee
Member	Mr. P S Raghavan*	Mrs. Nidhi Reddy	Independent Director	Member
Member	Mr. Charath Ram Narsimhan	Mr. Charath Ram Narsimhan	Managing Director & CEO	Member

*demised on November 24, 2025

New Committee Structure

The reconstituted Audit Committee maintains its three-member structure with Mrs. Nidhi Reddy joining as the new Independent Director member. Mr. Tarique Ansari continues as Chairman of the Audit Committee, while Mr. Charath Ram Narsimhan retains his position as Managing Director & CEO member.

Regulatory Compliance

The intimation was sent to both BSE Limited (Scrip Code: 533329) and National Stock Exchange of India Limited (NSE Symbol: IND TERRAIN) as part of the company's regulatory disclosure obligations. Company Secretary & Compliance Officer Sainath Sundaram signed the official communication on behalf of Indian Terrain Fashions Limited.

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-0.15%	+4.60%	-6.28%	-17.88%	-18.48%	-15.75%

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Indian Terrain Fashions Announces Passing of Independent Director P S Raghavan

1 min read Updated on 25 Nov 2025, 08:19 PM

Reviewed by

Shriram SScanX News Team

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Overview

Indian Terrain reported the demise of Mr. P S Raghavan, an Independent Director, on 24 November 2025. Raghavan, a distinguished member of the Indian Foreign Service, held key positions in the Board of Directors, Nomination and Remuneration Committee, and Audit Committee. The company expressed deep sorrow, calling it an 'irreparable loss'. Indian Terrain will need to reconstitute these committees following this development. The announcement was made in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Indian Terrain has reported the unfortunate demise of Mr. P S Raghavan, an Independent Director of the company and a distinguished member of the Indian Foreign Service. The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Key Details

Date of Demise: 24 November 2025
Name: Mr. P S Raghavan (DIN: 07812320)
Position: Independent Director

Impact on Board Composition

With Mr. Raghavan's passing, several changes have occurred in the company's board structure:

Committee	Previous Role
Board of Directors	Independent Director
Nomination and Remuneration Committee	Chairman
Audit Committee	Member

The company will need to reconstitute these committees following this development.

Company's Statement

In its official communication, Indian Terrain expressed deep sorrow over Mr. Raghavan's unexpected demise, stating it as an "irreparable loss to the Company." The board of directors and employees have conveyed their condolences to Mr. Raghavan's family.

Regulatory Compliance

Indian Terrain has duly informed the stock exchanges about this development, adhering to the regulatory requirements. The company has filed the necessary disclosures in line with:

SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023
SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024

This announcement underscores the importance of transparent communication between listed companies and their stakeholders, especially regarding changes in key management positions.

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