M M Forgings Limited has announced a comprehensive reconstitution of several board-level committees following key changes in its board of directors. The company informed the stock exchanges that Smt. Kavitha Vijay will retire upon the conclusion of her tenure as a Non-Executive Independent Director (NEID) on March 31, 2025. Concurrently, Smt. Rama Sivaraman has been appointed as an additional NEID effective the same day.
As a result of these developments, Smt. Rama Sivaraman has been inducted as a member of the Audit Committee, Nomination and Remuneration Committee (NRC), Stakeholders’ Relationship Committee (SRC), and Risk Management Committee. In the NRC, Shri Shankar Athreya, also a NEID, has been elevated to the position of Chairman. In the CSR Committee, Shri Subramanian Radhakrishnan has been newly appointed as a member.
The updated compositions for each committee, effective March 31, 2025, reflect a strategic reshuffling aimed at strengthening governance structures within the company. These include a mix of executive directors (ED), non-executive independent directors (NEID), and non-executive non-independent directors (NENID), ensuring balanced representation and oversight across committees.
