confirm second term of reappointment of Mr. Nitin Rikhavbhai Shah as Independent director of the company, appointment of scrutinizer and notice of postal ballot
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The Board of A-1 Limited, at its meeting on October 16, 2025, approved seeking shareholder approval via postal ballot to confirm the second term of reappointment of Mr. Nitin Rikhavbhai Shah as an Independent Director. He was first appointed on February 17, 2020, and the company confirmed he is not debarred by SEBI from holding directorship. The Board also appointed Ms. Dhara Panara, Practicing Company Secretary, as the Scrutinizer for the postal ballot process. Mr. Shah is 69 years old, a retired Regional Manager from National Insurance Company Limited, holds a Diploma in Insurance from the Insurance Institute of India, attended all 10 board meetings in FY 2024-25, drew sitting fees of Rs. 39,000 for the year, and holds no shares in the company.
This is a routine governance procedure to extend an existing independent director's tenure for a second term, subject to shareholder approval. No material impact on stock price or business operations is expected from this announcement.