Mangalam Worldwide Limited has signaled a strengthening of its board with the appointment of Keyoor Madhusudan Bakshi as an Additional Director in the capacity of Non-Executive, Independent Director, effective September 3, 2026, for a five-year term, subject to approval by members at the ensuing general meeting or via postal ballot. The move comes on the recommendation of the Nomination and Remuneration Committee and underscored the company’s emphasis on governance as it charts its growth trajectory.
Bakshi arrives with a long and distinguished record in corporate governance, law and finance. A Fellow Member of the Institute of Company Secretaries of India, he holds a B.Com and an LL.B, with more than 46 years in corporate laws, securities compliance, due diligence, mergers and acquisitions, insolvency resolution, public offerings and representation before regulatory bodies. His leadership roles include serving as President of ICSI in 2008 and as President of the International Federation of Company Secretaries. His board experience spans independent director roles at several prominent companies, reflecting a deep well of governance expertise that Mangalam hopes to tap as it pursues strategic initiatives.
In line with governance best practices, the Board has also approved a notice of postal ballot for member approval, with a cut-off date set at September 4, 2026. The company plans to circulate the postal ballot notice to eligible shareholders and host it on its website, reinforcing transparent and inclusive decision-making. Additionally, Mangalam has appointed M/s. Manoj Hurkat & Associates, Practising Company Secretaries, as Scrutinizer to oversee the postal ballot process in a fair and transparent manner. As Mangalam navigates a dynamic market landscape, Bakshi’s extensive governance background could play a pivotal role in shaping boardroom deliberations and strategic oversight.