{"url":"https://newsforagent.com/news/2026-10-24/pg-electroplast-ngm-ruchika-bansal-director","markdown_url":"https://newsforagent.com/news/2026-10-24/pg-electroplast-ngm-ruchika-bansal-director.md","title":"PG Electroplast Unit NGM Names Ruchika Bansal Director","headline":"PG Electroplast Subsidiary NGM Appoints Ruchika Bansal as Independent Director, Swaps Auditors","description":"PG Electroplast's step-down subsidiary NGM appointed Ruchika Bansal as a non-executive independent director for five years and named B S R & Co. LLP its auditor.","section":"Leadership","published_at":"2026-10-24T08:22:50+00:00","modified_at":"2026-10-24T08:22:50+00:00","author":"News Desk","key_takeaways":["NGM appointed Ruchika Bansal as a non-executive independent director for a five-year term from October 24, 2026.","M.S. Barmecha & Co. resigned as NGM's statutory auditor after the limited review for the quarter ended September 30, 2026.","M/s. B S R & Co. LLP will serve as NGM's statutory auditor for five years, subject to shareholder approval."],"companies":[{"name":"Pg Electroplast","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0003oih/pg-electroplast","website":"http://www.pgel.in"}],"source":{"publisher":"ScanX","title":"PG Electroplast subsidiary NGM appoints Ruchika Bansal as independent director","url":"https://scanx.trade/stock-market-news/companies/pg-electroplast-subsidiary-ngm-appoints-ruchika-bansal-independent/54372799"},"other_sources":[],"tags":["Leadership","Pg Electroplast"],"body_markdown":"PG Electroplast's wholly owned step-down subsidiary, Next Generation Manufacturers Private Limited, appointed Ruchika Bansal as a non-executive independent director for a five-year term on October 24, 2026, and named M/s. B S R & Co. LLP its statutory auditor. ScanX reported the NGM board approvals.\n\n## Bansal's Appointment and Auditor Change at NGM\n\nThe NGM board approved Bansal's appointment on October 24, 2026, for five years from that date, according to [ScanX](https://scanx.trade/stock-market-news/companies/pg-electroplast-subsidiary-ngm-appoints-ruchika-bansal-independent/54372799). Bansal has more than 23 years of experience as a management consultant, working in wealth advisory, investment banking, private equity and corporate finance. She holds a commerce degree from SRCC, Delhi University, and a postgraduate diploma in management from MDI, Gurgaon. The disclosure states she is not related to any other director on the board and is not debarred from holding office by SEBI or any other authority.\n\nThe board also noted the resignation of statutory auditor M.S. Barmecha & Co., effective at the close of the October 24, 2026, board meeting, after the firm completed the limited review for the quarter ended September 30, 2026. The firm cited the company's intention to align its auditors with those of its parent holding company. M/s. B S R & Co. LLP, a member entity of B S R & Affiliates, will serve as statutory auditor for five years, subject to shareholder approval. The firm has more than 4,000 staff and over 170 partners across 14 locations in India.\n\n## PG Electroplast's Manufacturing Plans on Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), PG Electroplast is proceeding with expansion plans that include a new refrigerator manufacturing facility at Sri City, targeted for commissioning by the fourth quarter of fiscal 2027. The company is also establishing a rotary compressor plant at Supa for backward integration, targeted for commissioning by the fourth quarter of fiscal 2027. Its company profile lists a headcount range of 5,001 to 10,000 and a revenue estimate of $500 million to $1 billion.\n\n## Earlier PG Electroplast Governance and Results\n\nPG Electroplast held its 24th annual general meeting on September 29, 2026, by video conferencing, where shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, and Anurag Gupta was re-appointed as a director retiring by rotation, ScanX reported. Bansal was among the directors present at that meeting.\n\nPG Electroplast reported record first-quarter fiscal 2027 revenue of ₹2,034 crore, driven by demand in the air conditioner and washing machine segments, ScanX reported on August 12, 2026. The company targeted an 8% EBITDA margin for fiscal 2027 and planned compressor mass production.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}