Anand Mahindra will remain M&M Executive Chairman until next year

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The company's board of directors unanimously asked Anand Mahindra to assume the office of president of the board of directors until his original term, which was approved by the company's shareholders until November 11, 2021, the company said in a BSE file.

PTI

updated:February 8, 2020, 11:50 p.m.

Anand Mahindra will remain M&M Executive Chairman until next year
File photo by Anand Mahindra.

New Delhi: Mahindra & Mahindra said on Saturday that Anand Mahindra had complied with the Board of Directors' request to continue as Executive Chairman until November next year.

The company's board of directors unanimously asked Anand Mahindra to assume the office of president of the board of directors until his original term, which was approved by the company's shareholders until November 11, 2021, the company said in a BSE file.

According to the SEBI guidelines, he had to resign from his leadership position on April 1, 2020.

"Taking into account the wishes of the Governance, Nomination and Remuneration Committee (GNRC) and the Board of Directors, Anand Mahindra has accepted the request to proceed until his original appointment as Executive Chairman. Pawan Goenka and Anish Shah will continue to report to Anand Mahindra," it was said.

SEBI has shifted the deadline for compliance with Regulation 17 from April 1, 2020 to April 2022.

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