Mayur Floorings Appoints Deepali Chundawat as Independent Director, Reshuffles Board Committees

1 min read Updated on 23 Sept 2025, 06:13 PM

Reviewed by

Ashish ThakurScanX News Team

Overview

Mayur Floorings Limited (BSE: 531221) has appointed Deepali Chundawat as an Independent Director for a five-year term, subject to shareholder approval. The company has restructured its board committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. The board acknowledged the cessation of Dhara as an Independent Director and approved the renewal of existing credit facilities. These changes aim to strengthen the company's corporate governance framework.

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

Mayur Floorings Limited , a company listed on the Bombay Stock Exchange (BSE: 531221), has announced significant changes to its board composition and committee structure. The company's Board of Directors, in a meeting held on September 23, 2025, made several key decisions aimed at strengthening its corporate governance framework.

New Independent Director Appointment

The Board has approved the appointment of Deepali Chundawat (DIN: 11108961) as an Independent Director for a term of five years, effective September 23, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Chundawat brings valuable expertise to the board:

Qualified Company Secretary since 2019
Over five years of continuous experience in the field
Deep knowledge of the Companies Act, SEBI regulations, and secretarial standards

Board Committee Restructuring

Following Chundawat's appointment, Mayur Floorings has reconstituted its board committees:

1. Audit Committee

Role	Name
Chairman	Sandip Arvindbhai Kothari
Member	Deepali Chundawat
Member	Akshita Sundrawat

2. Nomination & Remuneration Committee

Role	Name
Chairman	Sandip Arvindbhai Kothari
Member	Deepali Chundawat
Member	Akshita Sundrawat

3. Stakeholders Relationship Committee

Role	Name
Chairman	Deepali Chundawat
Member	Sandip Arvindbhai Kothari
Member	Akshita Sundrawat

Other Board Decisions

The Board also addressed two additional matters:

Director Cessation: The company acknowledged the cessation of Dhara as an Independent Director, effective September 8, 2025, due to the expiry of her tenure.
Credit Facilities: The Board approved the renewal of existing credit facilities, although specific details were not disclosed.

Mahavir N Sundrawat, Managing Director of Mayur Floorings Limited, signed off on these decisions. The board meeting, which commenced at 5:00 PM, concluded at 5:40 PM.

These changes reflect Mayur Floorings' commitment to maintaining strong corporate governance practices and ensuring a diverse, experienced board to guide the company's future strategies and operations.

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