Rossell India Limited appoints two independent directors

Rossell India Limited approved Azam Monem and Chetan Kumar Mathur as non-executive independent additional directors for three-year terms effective 1 February 2027, subject to shareholder approval. The 10 November 2026 decision adds a tea professional with more than 45 years of experience and a finance leader with 23 years at PepsiCo.

Who has Rossell India appointed as independent directors?

Rossell India has approved Azam Monem and Chetan Kumar Mathur as additional directors in the non-executive independent category from 1 February 2027. The board made both decisions on 10 November 2026 following recommendations from its Nomination and Remuneration Committee. Each appointment is for a first term of three consecutive years and neither director will be liable to retire by rotation.

The appointments require shareholder approval under applicable regulatory requirements before taking effect. Rossell India said both candidates confirmed that they had not been debarred from holding a directorship by the Securities and Exchange Board of India or any other authority. The company also disclosed that neither Monem nor Mathur is related to its directors, key managerial personnel, promoters or promoter group.

The two appointments bring different disclosed backgrounds to the board. Monem’s profile covers tea trading, procurement, sales, marketing, quality management, exports and operations, while Mathur’s profile covers corporate governance, strategic finance, controllership and risk management. The 10 November filing does not identify a committee assignment or a specific operating remit for either director.

What tea experience does Azam Monem bring to Rossell India?

Monem brings more than 45 years of tea-industry experience, predominantly with the Williamson Magor Group. Rossell India said his experience includes tea trading, procurement, sales and marketing, quality management, exports and operations. His appointment is scheduled for 1 February 2027 as a non-executive independent director rather than an executive management position.

Monem retired from McLeod Russel India Limited on 31 March 2023 after serving as whole-time director and chief operating officer. The filing also identifies him as founder and adviser of Amstead Tea & Commodities Pvt. Ltd. in Kolkata. He is an independent director of The Scottish Assam (India) Ltd., which is listed on the Calcutta Stock Exchange.

Rossell India further disclosed that Monem is a member of the Board of Governors of The Assam Valley School in Tezpur and a commerce graduate from the University of Calcutta. The 10 November 2026 announcement does not disclose any relationship between Monem and Rossell India’s directors, key managerial personnel or promoter group.

What finance experience does Chetan Kumar Mathur bring to Rossell India?

Mathur brings more than three decades of experience in corporate governance, strategic finance, controllership and risk management, according to the 10 November 2026 filing. He is a Chartered Accountant and spent 23 years with PepsiCo in senior leadership positions, including chief financial officer of Frito-Lay India.

Rossell India specifically cited Mathur’s experience in financial transformation and internal controls. That background differs from Monem’s tea-sector operating experience, with the two appointments spanning operational and finance-control disciplines. Mathur’s approved role is non-executive independent director from 1 February 2027, not a chief financial officer or other executive appointment.

Mathur currently serves as an independent non-executive director on the boards of Shiprocket Ltd. and Pushp Brands India Ltd. Rossell India also said he has received professional accolades for strategic finance and control excellence, but the announcement does not name the awards or give their dates.

How did Rossell India perform in the September 2026 quarter?

Rossell India reported total income of Rs 92.45 crore for the quarter ended 30 September 2026, up from Rs 81.90 crore in the quarter ended 30 September 2025. Profit before tax increased to Rs 34.99 crore from Rs 30.31 crore over the same year-on-year comparison. The board approved the unaudited results on 10 November 2026 after Audit Committee review.

Total revenue from operations rose to Rs 91.57 crore in the September 2026 quarter from Rs 80.85 crore a year earlier. Total operating expenses increased to Rs 54.52 crore from Rs 48.04 crore, including employee-benefit expense of Rs 46.18 crore against Rs 41.24 crore. Profit before finance cost, depreciation, exceptional items and tax rose to Rs 37.93 crore from Rs 33.86 crore.

For the six months ended 30 September 2026, total income was Rs 130.65 crore, compared with Rs 127.48 crore in the corresponding 2025 period. Finance cost declined to Rs 2.70 crore from Rs 4.67 crore, while depreciation and amortisation rose to Rs 2.87 crore from Rs 2.73 crore. The six-month profit before tax was Rs 40.35 crore, compared with Rs 39.17 crore.

When do the Rossell India appointments take effect?

The appointments are due to take effect on 1 February 2027, subject to shareholder approval. Rossell India’s board approved them on 10 November 2026, and each first term runs for three consecutive years from the effective date. The filing does not disclose the date on which shareholders will consider the appointments.

The board meeting on 10 November 2026 commenced at 11:30 a.m. and concluded at 1:29 p.m. Rossell India filed the outcome with BSE Limited, where its scrip code is 533168, and the National Stock Exchange of India Ltd., where its symbol is ROSSELLIND. The announcement describes both candidates as additions to the board and does not name an outgoing director being replaced.

The pending corporate action is shareholder approval rather than an eligibility issue identified by the company. Both Monem and Mathur provided the eligibility confirmation required in the disclosure, and Rossell India reported no relationship between either appointee and its leadership or promoter group. No board committee roles were disclosed for the appointments.

Conclusion

Rossell India’s two approved appointments combine tea operations expertise and finance-control experience in independent, non-executive roles. Monem’s more than 45 years in tea covers procurement, quality, exports and operations, while Mathur’s 23-year PepsiCo tenure includes the chief financial officer role at Frito-Lay India and experience in internal controls.

The next disclosed milestone is shareholder approval before the planned 1 February 2027 effective date for both three-year terms. Investors can watch for a shareholder-meeting notice or a subsequent filing that sets out the vote timetable or assigns either director to a board committee.