EGM Intimation for meeting dated 30th June, 2025 as Special Resolution for approval of appointment of Mr. Haresh G. Desai as Independent Director for 5 years.
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Aplab Limited has called an Extra-Ordinary General Meeting on June 30, 2025, to seek shareholder approval for appointing Mr. Haresh G. Desai (DIN: 00048112) as an Independent Director for a first term of 5 years, from April 1, 2025 to March 31, 2030. Mr. Desai was initially appointed as Additional and Independent Director by the Board on May 15, 2025, and now requires shareholder approval under SEBI Listing Regulations. He is a Chartered Accountant and founder-partner of A.V. Rajwade & Co., with expertise in foreign exchange risk management, and will receive only sitting fees as remuneration. The EGM will be held via video conferencing with remote e-voting from June 27–29, 2025.
This is a routine governance action to formalise the appointment of an experienced finance professional to the board. No material impact on shareholders or stock price is expected as it is a standard independent director appointment with only sitting fees payable.