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Top 100 Indian Company Boards Show Little Change

Boards of India's top 100 companies have changed little in recent years. Women made up 20% of all directors in FY26, down from 21% in FY25. The average age of directors rose from 63.5 to 64, and the share of directors under 50 has barely moved.

Context

Context: Indian law requires listed companies to have at least one woman director, and investors increasingly look at board diversity. Boards guide major company decisions, so who sits on them shapes how firms are run.

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