Agi Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on March 30, 2026.
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The Board of Agi Infra Limited met on March 30, 2026, and approved several key items. First, it appointed Mrs. Nandini Kwatra (DIN: 11625130) as an Additional Non-Executive Independent Director for a 5-year term (March 30, 2026 to March 29, 2031), subject to shareholder approval. She is a Chartered Accountant with over 11 years of experience in taxation, auditing, and financial advisory, and is not related to any existing director. Second, the Board constituted a new Risk Management Committee comprising four members. Third, it reconstituted the Audit Committee, now with four members including the newly appointed director. The Board also approved various company policies and extended the payment deadline for its 60% stake acquisition in Worldnext Realty LLP from March 31, 2026 to December 31, 2026.
The changes strengthen board independence and governance with a new qualified independent director and formalised Risk Management and Audit committees. Extending the LLP stake payment timeline signals flexibility in closing the Worldnext Realty acquisition, which could delay finalisation but reduces near-term cash pressure. Shareholders should note these are largely governance and administrative actions with no immediate material financial impact.