Announced Tue, 16 Jun · 19:38 IST
Re-appointment of two non-executive directors retiring by rotation
Management Changes View source PDF
CANHLIFE · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹139.00
prior close
₹139.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2+0.2-0.0+0.1+1.8+1.8+2.8-0.3-2.4+0.4+1.7+7.2——
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AI summary
Canara HSBC Life Insurance's Board has recommended re-appointment of Mr Santanu Kumar Majumdar and Mr Amitabh Nevatia, non-executive directors retiring by rotation, at the upcoming 19th Annual General Meeting. The re-appointment is under Section 152(6) of the Companies Act, 2013, subject to shareholder approval. Both directors are not debarred from holding office by any SEBI order.
Likely market impact
Routine governance matter; no change in management or control. Shareholder approval sought at AGM.