Mahalaxmi Rubtech Limited is reshaping its board and governance framework with a pair of independent director appointments and a reworking of key committees. The Board, following the Nomination and Remuneration Committee’s recommendation and a subsequent resolution on April 1, 2026, has approved the appointment of Renukaben Patel as an Independent Director for a one-year term, subject to shareholders’ approval at the upcoming General Meeting. In parallel, Balveermal Kewalmal Singhvi has been re-appointed as an Independent Director for a second five-year term, also contingent on shareholder approval. The announcements underscore the company’s intent to bolster oversight and governance through refreshed independent leadership.
Renukaben Patel brings corporate secretarial acumen and regulatory know-how to Mahalaxmi Rubtech, with a background as an Associate Member of the Institute of Company Secretaries of India and experience across corporate laws, SEBI regulations, IP/Trademark matters, secretarial audits, and compliance management. Balveermal Kewalmal Singhvi, described as a veteran retiree from the banking sector with around four decades of experience in accounting, auditing, loans, and related domains, will continue to provide governance oversight for the organization.
In addition to the director moves, the Board has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee effective April 1, 2026. The Audit Committee will comprise Balveermal Singhvi (Chairman), Anand Parekh, Nehal Shah, and Renukaben Patel. Renukaben Patel also takes the helm as Chairman of the Nomination and Remuneration Committee, alongside Jeetmal Parekh and Balveermal Singhvi. For CSR, Rahul Parekh chairs the committee with Anand Parekh and Renukaben Patel as members. These changes reflect Mahalaxmi Rubtech’s ongoing emphasis on strengthening governance and aligning leadership with the company’s strategic priorities.