In a board meeting held on March 18, 2026, FDC Limited announced the cessation of Uday Kumar Gurkar’s second term as an Independent Director, which will conclude at the close of business on March 31, 2026. The board also approved the appointment of Kishore Saletore as an Additional Independent Director with effect from April 1, 2026 for a five-year term ending March 31, 2031, subject to the approval of the shareholders.
Kishore Saletore is described as a seasoned finance executive with over 30 years of diverse experience across globally renowned corporations, including the Tata Group, ITC Ltd., Hughes Corporation, and Bharat Forge. His expertise spans mergers & acquisitions, joint ventures, and international expansions, with leadership across sectors such as electric vehicles, real estate, infrastructure, and telecommunications. He is recognized for governance, ethical leadership, and sustainable growth, and is noted for delivering shareholder value and operational efficiency. Saletore is not related to any Directors, Key Managerial Personnel, Promoter, or Promoter group of the company.
To align governance with the leadership changes, the board re-constituted the Audit Committee, Nomination & Remuneration Committee, and Corporate Social Responsibility Committee with effect from April 1, 2026. It also approved seeking shareholder approval for Kishore Saletore’s appointment as an Independent Director through a postal ballot, with details to be communicated in due course.
Taken together, the developments signal FDC’s emphasis on strengthening its board with seasoned independent oversight as the company navigates its growth trajectory.