SEA TV Network Bolsters Board with Two New Independent Directors, Reshapes Committees

1 min read Updated on 16 Aug 2025, 05:41 PM

Reviewed by

Naman SharmaScanX News Team

Overview

Sea TV Network Limited has appointed Mr. Ashok Kumar Jain and Ms. Anuprriya Goyel as Non-Executive Independent Directors for a five-year term, effective August 16, 2025. Mr. Jain brings 36 years of banking and finance experience, while Ms. Goyel, a company secretary, has expertise in corporate law. The company has also reconstituted four key board committees: Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management. Both new directors have been inducted into all four committees, potentially bringing fresh perspectives to these governance bodies.

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

Sea TV Network Limited, a player in the Indian media landscape, has announced significant changes to its board composition and committee structure, signaling a move towards strengthening its corporate governance.

New Appointments Bring Diverse Expertise

The company has appointed Mr. Ashok Kumar Jain and Ms. Anuprriya Goyel as Non-Executive Independent Directors, effective August 16, 2025. Both appointments are for a five-year term and are subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Jain brings over 36 years of experience in the banking and finance industry, having served in various capacities at Union Bank of India, including as General Manager and adviser at the Corporate Office in Mumbai. He also held the position of Senior Vice President at ASREC (India) Limited in Mumbai, contributing his expertise in credit monitoring and rural development.

Ms. Goyel, a qualified company secretary, brings more than 5 years of experience in corporate law, with a focus on Companies Act compliance and SEBI regulations. Her appointment is expected to enhance the board's expertise in legal and regulatory matters.

Board Committee Reconstitution

Following these appointments, Sea TV Network has reconstituted four key board committees:

Audit Committee
Nomination & Remuneration Committee
Stakeholders Relationship Committee
Risk Management Committee

Both Mr. Jain and Ms. Goyel have been inducted as members of all four committees, potentially bringing fresh perspectives to these crucial governance bodies.

Strengthening Corporate Governance

The addition of these new directors appears to be part of Sea TV Network's efforts to enhance its corporate governance structure. Neither of the new appointees holds shares in the company or has any relationships with existing board members, underscoring their independence.

Rajeev Kumar Jain continues to chair the Audit Committee and Stakeholders Relationship Committee, while Narendra Kumar Jain remains at the helm of the Nomination and Remuneration Committee and the Risk Management Committee.

These changes come as companies increasingly focus on robust corporate governance practices, with particular emphasis on board diversity and independent oversight.

The appointments and committee reconstitutions took effect immediately following the board meeting on August 16, 2025, which lasted from 4:00 PM to 5:15 PM.

Sea TV Network Limited's move to strengthen its board and committees could be seen as a positive step towards enhancing shareholder value and ensuring more effective corporate governance. As the media landscape continues to evolve, such strategic appointments may help the company navigate future challenges and opportunities in the sector.

Historical Stock Returns for Sea TV Network