Board approves 32nd AGM, re-appoints two directors

Board & Shareholder Meetings View source PDF

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AI summary

The board approved the 32nd AGM on August 11, 2026 at 1:00 PM via video conferencing, with book closure from August 5 to 11. Re-appointed Mr. Arun Kumar Sethia as Whole-time Director for 5 years (Oct 28, 2026 to Oct 27, 2031) and Mr. Pawan Kumar Sethia as Managing Director for 5 years (Feb 21, 2027 to Feb 20, 2032), subject to shareholder approval by special resolution. The two are brothers. Pawan will turn 70 during his tenure. Cut-off date for e-voting is Aug 4, 2026; remote e-voting runs Aug 7-10 via CDSL.

Likely market impact

Routine governance update. Director re-appointments need shareholder approval at AGM. No change in management control or strategy signalled.