Rolta India Appoints 3 New Directors, 2 Directors Cease; Board Restructuring Underway
Rolta India Limited has announced significant changes to its board of directors following the approval of its resolution plan. The Monitoring Committee, in a meeting held on December 20, 2025, approve...
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Why is Rolta India Limited in the news today?
Rolta India Limited (ROLTA) is in the news due to the announcement details changes in directorships as part of a resolution plan. while these are significant corporate actions, they do not inherently indicate a positive or negative financial outcome at this stage.
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Rolta India Appoints 3 New Directors, 2 Directors Cease; Board Restructuring Underway
December 20, 2025, 01:30 PM
Rolta India Limited has announced significant changes to its board of directors following the approval of its resolution plan. The Monitoring Committee, in a meeting held on December 20, 2025, approved the appointment of Mr. Yuvraj Goenka, Mr. Deepak Chauhan, and Mr. Nagamallesh Gattu as non-executive, non-independent directors.
These new directors will form part of the Interim Board, which will operate under the guidance of the Monitoring Committee until the Transfer Date. The appointments are effective immediately, and their terms will extend up to the ensuing Annual General Meeting of the Company.
Concurrently, the company noted the cessation of Mr. Kamal Krishan Singh as the managing director and Mr. Rangarajan Sundaram as the executive director. Their cessation became effective from December 18, 2025, as per the National Company Law Tribunal's (NCLT) approval order.
The company has provided detailed disclosures regarding these changes as required by SEBI regulations, including brief profiles of the newly appointed directors and confirmation that they are not debarred from holding office by any regulatory authority. Mr. Yuvraj Goenka brings experience from Welspun World's real estate business, Mr. Deepak Chauhan has a legal and ethics background within the Welspun Group, and Mr. Nagamallesh Gattu has extensive experience in complex transactions, valuations, and M&A, particularly in the real estate sector with Ashdan Properties Private Limited.
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