The revised outcome includes correction to typographical errors that were present in earlier filing: Agenda no. 5 has been revised as mentioned below: Approval of appointment of a ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company revised the outcome of its July 22, 2025 board meeting to correct a typographical/legal error in agenda item 5. Independent Director Mr. Jignesh Soni was originally listed as retiring by rotation, but under Section 149 of the Companies Act, 2013, Independent Directors do not retire by rotation. The item has been replaced with Managing Director Mr. Anirudh Sethi, who is eligible to retire by rotation and will seek reappointment at the 33rd AGM on August 23, 2025. The board also approved the audited financial statements and annual report for FY 2024-25, appointed Kuldip Thakkar & Associates as scrutinizer for the AGM, and approved Material Related Party Transactions with MD Mr. Anirudh Sethi and his relative Ms. Vandana Sethi.
The correction is procedural and strengthens compliance with the Companies Act, 2013. Shareholders should note the approval of material related party transactions involving the Managing Director and a director's relative, which will require shareholder approval at the upcoming AGM.