Balkrishna Paper Mills Limited announced that Shri Dileep H. Shinde, appointed as an Additional Director designated as an Independent Director of the Company, pursuant to provision of Section 149 and 161 (1) of the Companies Act,2013, with effect from 7 August, 2021. He has also been appointed as a Chairman of the Audit Committee with immediate effect. He was working with IFCI Limited (Formerly known as Industrial Finance Corporation of India Ltd.), the first Development Financial Institution of the country, as General Manager heading its Regional Office at Ahmedabad. After retirement he joined Fortune Financial Services Ltd., a Category-I merchant Banker and had wide experience in Investment Banking areas such as IPO management, Merger & Acquisition, Private Equity, SEBI and Stock Exchange related work, etc. He has overall experience of 47 years (8 years of Industrial experience, 22 years' experience of Financial Institution and 17 years' experience of private Investment Banking Companies).