Lee & Nee Softwares Exports Appoints Two Independent Directors, Strengthens Board
Lee & Nee Softwares Exports Ltd. has appointed Mr. Tapan Dhar Mazumdar and Mrs. Sumita Mahadevan as Non-executive Independent Directors for five-year terms. Mr. Mazumdar, with over 35 years of corporate experience, will serve from November 13, 2024, to November 12, 2029. Mrs. Mahadevan, a business advisor with expertise in financial regulations, will serve from August 13, 2025, to August 12, 2030. Both directors will receive sitting fees and have been appointed for non-rotational terms. Mr. Mazumdar has also been appointed to the Audit Committee and Stakeholder Relationship Committee.
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Lee & Nee Softwares Exports Ltd., a Kolkata-based software company, has announced the appointment of two new Non-executive Independent Directors, bolstering its board with experienced professionals. The appointments were approved during the company's 37th Annual General Meeting held on September 25, 2025.
New Appointments
Mr. Tapan Dhar Mazumdar (DIN: 10765075) and Mrs. Sumita Mahadevan (DIN: 11236590) have been appointed as Non-executive Independent Directors for five-year terms. Mr. Mazumdar's term will run from November 13, 2024, to November 12, 2029, while Mrs. Mahadevan will serve from August 13, 2025, to August 12, 2030.
Director Profiles
Mr. Tapan Dhar Mazumdar
- Age: 72 years
- Qualification: B.Sc. degree
- Experience: Over 35 years of corporate experience with multinational companies, including Bayer and L&T
- Expertise: Corporate management and operations
Mrs. Sumita Mahadevan
- Age: 60 years
- Qualification: B.Sc. degree
- Current Role: Business advisor
- Expertise: Financial and statutory regulations
Terms of Appointment
Both directors will receive sitting fees for attending board and committee meetings. They have been appointed for non-rotational terms, emphasizing their independent status on the board.
Board Composition
The appointments are part of Lee & Nee Softwares Exports' efforts to enhance its corporate governance structure. Neither of the new directors holds shares in the company or has any relationships with other directors and key managerial personnel, ensuring their independence in decision-making processes.
Committee Roles
Mr. Tapan Dhar Mazumdar has been appointed as a member of the Audit Committee and Stakeholder Relationship Committee, leveraging his extensive corporate experience to oversee crucial aspects of the company's operations and stakeholder relations.
Company's Perspective
The addition of these experienced professionals to the board is expected to bring fresh perspectives and strengthen Lee & Nee Softwares Exports' strategic decision-making capabilities. Their diverse backgrounds in corporate management, financial regulations, and business advisory services align well with the company's growth objectives and compliance requirements.
Conclusion
These appointments reflect Lee & Nee Softwares Exports' commitment to maintaining a robust and diverse board composition. As the company moves forward, the expertise of Mr. Mazumdar and Mrs. Mahadevan is likely to play a crucial role in guiding the organization through the evolving landscape of the software industry and ensuring adherence to best corporate governance practices.
Historical Stock Returns for Lee & Nee Softwares Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -1.68% | -7.59% | -3.99% | -36.75% | +409.78% |
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