Announced Wed, 19 Aug · 22:51 IST
Shareholder seeks removal of director Umesh Mehta at 33rd AGM
3IINFOLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹23.15
prior close
₹22.00
base price
After-mkt
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+0.0+1.1+1.1+0.4+0.9+5.9+3.7+3.8+1.5-0.2-3.2+11.2——
Up moveDown movePending
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.