5Paisa Capital Limited has informed the Exchange regarding Corrigendum to Notice of Annual General Meeting to be held on August 25, 2025
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5Paisa Capital Limited has issued a corrigendum to the notice of its 18th Annual General Meeting scheduled for August 25, 2025, at 11:30 AM via video conferencing. The correction applies to Item No. 4 of the AGM notice, which pertains to the appointment of Dr. Sarat Kumar Malik (DIN: 09791314) as an Independent Director. The key change is that the resolution type for his appointment has been upgraded from an Ordinary Resolution to a Special Resolution, requiring a higher approval threshold (75% of votes) from shareholders. All other items and content of the original AGM notice remain unchanged. The corrigendum has been emailed to shareholders whose records were dated July 18, 2025, and is available on the company's website.
Shareholders now need to approve Dr. Malik's appointment as Independent Director with at least 75% of votes cast (instead of a simple majority), reflecting a higher governance bar. The change typically indicates a longer tenure for the directorship and signals stricter regulatory or board-level scrutiny of the appointment.