EGM notice for director appointments on May 20, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ACI Infocom Ltd to hold an EGM on May 20, 2026 at 3:00 PM via video conferencing. Two special resolutions: (1) Appointment of Sanjay Mandavia as Executive Director for 5 years (Apr 24, 2026 to Apr 23, 2031) with Rs. 11 lakh p.a. remuneration; (2) Appointment of Navneet Kumar as Non-Executive Independent Director for 5 years. E-voting via NSDL runs May 15-19, 2026, with cut-off date May 13, 2026. FY25 financials show loss before tax of Rs. 46.31 lakhs but profit after tax of Rs. 6.84 lakhs, leading to Mandavia's pay being treated as minimum remuneration under Schedule V.
Shareholders to vote on board appointments; Mandavia's pay qualifies as minimum remuneration due to inadequate profits, which may raise governance questions.