Shareholder seeks removal of director Umesh Mehta at 33rd AGM

Director flagged a governance concernManagement Changes View source PDF Explain this filing

3IINFOLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹23.15

prior close

₹22.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-4.0% vs market

Computers - Software & Consulting peers, median of 66sector+0.3%-3.8% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.5+0.5-4.0+0.3-3.8

Next day

+0.9+0.8+0.1+0.6+0.3

+5.9+1.0+4.9-0.3+6.2

+3.7+0.6+3.1-0.1+3.8

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+11.2+0.8+10.4-4.9+16.1

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

3i Infotech added a resolution to remove Non-Executive Non-Independent Director Umesh Mehta to its 33rd AGM agenda. NMS Leasing and Infotech Private (holding about 1.00039% of shares) filed the special notice citing Mr. Mehta's lack of relevant IT product and global services experience. The Board reviewed Mr. Mehta's written defence and does NOT recommend removal, endorsing his contributions to the Products Innovation Sub-Committee. AGM is on August 28, 2026.

Likely market impact

Board opposes removal but shareholders will vote. Outcome depends on shareholder support at the August 28 AGM, creating near-term board uncertainty.