Outcome of Board Meeting held on Wednesday, 20th May 2026
AQYLON · price
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The Board acknowledged two separate proposals from M/s E Trav Tech Limited and M/s Rribada Films Private Limited, both expressing intention to sell their shareholding of 51% or more of the company's share capital. These proposals are currently under consideration and the company will make further disclosures upon final board decision. Additionally, Mr. Suresh Govind Khilari tendered his resignation as Chief Financial Officer with effect from close of business hours on 20th May 2026, citing personal reasons. The meeting lasted only 25 minutes, from 05:00 PM to 05:25 PM.
Two entities holding potential controlling stakes wanting to exit simultaneously signals a possible change of control, which could significantly impact the company's future direction. The CFO's immediate departure also creates management uncertainty at a critical time.