The seat

The Board seeks a financially rigorous independent director who can chair the Audit Committee without reducing the role to quarterly account approval. This is a manufacturing board with consumer-facing revenue, distributed inventory, product obligations and a working-capital cycle in which seemingly ordinary commercial choices can change reported earnings, cash conversion and risk. The incoming director must be able to connect factory economics, channel behaviour, warranty exposure, imported inputs and treasury decisions to the assertions ultimately placed before shareholders.
The Chair will set the quality threshold for information reaching the committee. Management packs should distinguish accounting compliance from economic reality: revenue should be examined alongside sell-through and returns; margin improvement alongside input substitution and quality cost; inventory reduction alongside service levels and obsolescence; and cash generation alongside supplier stretch and channel financing. The role calls for curiosity about the operating system beneath the ledger.





Matters requiring board-level judgement

• Rebuild the Audit Committee calendar around the business's highest-risk accounting estimates, including inventory provisioning, warranty and service obligations, credit notes, slow-moving components, distributor receivables, impairment and capitalised development expenditure.
• Require a single view of working capital that reconciles finance, sales, procurement and production data. Persistent differences between dispatch, acceptance, sell-through, returns and collections must become committee matters rather than spreadsheet explanations.
• Challenge related-party and promoter-linked transactions for commercial substance, pricing evidence, approval discipline and cumulative exposure. The Chair must be prepared to request independent benchmarking where management papers are insufficient.
• Oversee internal audit as a risk-led assurance function. Plant

📌 Independent Director (Mumbai)
🏢 Gladwin International
📍 Mumbai