Ex-RBI Governor Urjit Patel becomes Additional Director of Britannia

Urjit Patel served as the Governor of the Reserve Bank of India (RBI) from September 2016 to December 2018.

The board of Britannia industries has appointed former RBI Governor Urjit Patel as its Additional Director in the category of Independent and Non-Executive Directors. He has been appointed as the additional director with effect from the 31st of March, 2021 for a period of 5 years.

“The Board of Directors of the Company at their meeting held today 31st March, 2021, approved the appointment of Dr. Urjit Patel, as an Additional Director of the Company in the category of Non-Executive and Independent Director with effect from 31st March, 2021 for a term of 5 years, i.e., up to 30th March, 2026, subject to approval of the shareholders of the company,” Britannia Industries said in a regulatory filing on Wednesday, as quoted by IANS.

Further, a significant piece of information you must be known of is that the former governor fulfills the criteria of an independent director as per the required provisions of Companies Act, 2013 and the rules framed under the same as well as SEBI regulations, 2015.

Urjit Patel served as the Governor of the Reserve Bank of India (RBI) from September 2016 to December 2018.

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