Britannia Industries announced that its board of directors at their meeting held on March, 2021, approved the appointment of Dr. Urjit Patel, as an Additional Director of the company in the category of Non-Executive and Independent Director with effect from 31 March, 2021 for a term of 5 years, that is upto 30 March, 2026, subject To Approve the shareholders of the Company. Dr. Urjit Patel fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the SEBI (LODR) Regulations, 2015. Urjit Patel's four year tenure as RBI governor had started in September 2016, however, he stepped down from his position in December 2018, citing ''personal reasons'' for the move.