The Ruby Mills Limited has moved to shore up its board with the appointment of Paras Khimji Savla as a Non-Executive and Independent Director for a five-year term. The appointment, approved at an Extraordinary General Meeting held on March 26, 2026, covers a tenure from December 27, 2025 to December 26, 2030, signaling the company’s ongoing emphasis on governance and strategic oversight.
Savla brings a Chartered Accountant qualification from the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England and Wales (ICAEW), with additional credentials from IBBI, ICAEW, ICAI, and the Comptroller of the Foreign Exchange (CFE) framework, along with a Bachelor of Commerce from Mumbai University. With over two decades of experience, he has served as a trusted advisor to a range of corporate and non-corporate entities and NGOs, advising on domestic and international taxation, investment strategies, transaction structuring, mergers, demergers, acquisitions, insolvency resolution, direct tax litigations, CSR and ESG. His background includes work with one of the Big Four accounting firms in Transaction Tax Services, a profile that the company says will bring strategic insights to its business and regulatory environment.
In line with governance norms, the company noted that there is no relationship between Savla and other directors, and he has not been debarred from holding office by any SEBI order nor disqualified under the Companies Act, 2013, provisions. The appointment is positioned as a strengthening of the board’s independent oversight, with Savla’s tax, regulatory, and strategic taxation acumen expected to contribute to the company’s ongoing strategic initiatives and long-term value creation.
This move underscores Ruby Mills’ focus on fortifying governance and leadership depth at the board level, as the company navigates a dynamic market environment and seeks to translate governance strengths into durable shareholder value.