26/11/2020

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M&M Chairman Anand Mahindra to stay in executive role after SEBI deferred deadline to split MD & Chairman posts, Auto News, ET Auto

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In December 2019, the group had announced that Mahindra would transition to the role of non-executive chairman of the board of M&M from 1st April 2020
In December 2019, the group experienced announced that Mahindra would changeover to the part of non-government chairman of the board of M&M from 1st April 2020

New Delhi: Mahindra and Mahindra group chairman Anand Mahindra has deferred his selection to stage into the part of non-government chairman from April this year following Sebi postponed the deadline for the separation of the taking care of director and chairman roles to April 2022.

Mahindra will remain in his government part till the conclude of his original phrase on eleven November 2021, the organization mentioned in a assertion.

In December 2019, the group experienced announced that Mahindra would changeover to the part of non-government chairman of the board of M&M from 1st April 2020, in order to comply with Regulation 17(1B) of the Listing Restrictions of Securities and Exchange Board of India (Sebi).

“Dr. Pawan Goenka and Dr. Anish Shah would carry on to report to Mr. Anand Mahindra,” the assertion browse. On 10 January, Sebi notified that the deadline has been by two years from one April 2020 to one April 2022.

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