Abate As Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve (1)To approve the audited ....
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Abate As Industries has called a board meeting on 30 May 2025 mainly to approve its audited standalone and consolidated financial statements for the year ended 31 March 2025. The board will also consider a reshuffle in director designations: one director will move from Independent to Non-Executive, while another will move from Non-Executive to Independent (subject to shareholder approval). Three new Independent Directors — Mr. Rishin Rasheed, Mr. Ambramoli Purushothaman, and Mr. Sivadas Chettoor — are proposed to be appointed as additional directors. Additionally, the existing director Mr. Mohammed Kutty Arikuzhiyil will continue in his role despite crossing 75 years of age, subject to shareholder approval. The company also plans to appoint new internal auditors for FY26 and a secretarial auditor for a five-year term from FY26 to FY30.
This is largely a routine board meeting notice covering annual results and governance housekeeping. The addition of three new independent directors could strengthen the board, but there is no material business or financial trigger for shareholders to act on right now.