Approved the appointment of Mr Amit Kumar Parah as Company Secretary and Compliance officer of the Company Approved the appointment of Mr Yuvaraj ND as Chief Financial Officer of the Company Approved ....
Awaiting price reaction for this filing.
Binny Limited's board, at its meeting on May 14, 2025, approved the appointment of Mr. Amit Kumar Parakh (24 years of experience, ex-Jain Metal Group) as Company Secretary & Compliance Officer and Mr. Yuvaraj ND (5+ years in accounting, audit, and tax) as Chief Financial Officer. The board also accepted the resignation of Mr. Prasanna Natarajan, Director of the company, whose resignation letter was dated April 24, 2025. In a separate and notable matter, the board approved the draft of a Second Amended & Reinstated Joint Development Agreement (JDA) of 2025 with SPR Constructions (P) Ltd to close a long-pending arbitration case. A postal ballot notice was approved to seek shareholder approval for the JDA under Section 180 of the Companies Act, 2013.
The new CS and CFO strengthen the key managerial team at a time of transition. The proposed JDA with SPR Constructions, if approved by shareholders, could resolve the arbitration and remove a longstanding uncertainty, but it will require shareholders' vote via postal ballot before it takes effect.