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PSU Boards Await Clearance for Independent Directors

Mint New Delhi

|

June 05, 2025

Delays invite penalties from exchanges; proxy advisors point to the govt approval process

- Dipali Banka

Over three-fourths of listed public sector firms that do not have the requisite number of independent directors continue to wait for clearance from various government departments.

As many as 62 out of 79 listed public sector undertakings (PSUs) lack the mandated number of independent directors, according to data from Prime Database, a market data tracking firm.

Despite repeated regulatory reminders, these companies await clearances from their respective ministries, delaying crucial appointments and inviting penalties from stock exchanges.

The list of non-compliant PSUs includes banks, oil and gas companies, metals and mining firms, power utilities, telcos, railways, engineering firms.

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time to read

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Mint New Delhi

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Sterling Biotech: Can SC ruling aid other fugitives?

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Rural recovery, low base to fuel Q2 GDP

Policy transmission, festival season inventory too aid growth

time to read

2 mins

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No selloff, SAIL unit to get cash infusion

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time to read

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KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

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India’s oil binge to end in Dec as sanctions bite Russia

US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP

time to read

1 mins

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Three public sector banks get new EDs

The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to regulatory disclosures on Tuesday.

time to read

1 min

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India requires a healthkeeper to secure its demographic dividend

Scaling up the use of tech to track health can provide a vital generation the preventive care it’ll need

time to read

3 mins

November 26, 2025

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