Outcome of Circular Resolution passed by Board of Directors of the Company on June 28, 2025.
CEINSYS · price
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Ceinsys Tech Ltd's Board passed a circular resolution on June 28, 2025 approving two key items. First, Mr. Surej Kunhithayyil Poyil (DIN: 10999955) was appointed as a Director under the Non-Executive Non-Independent category, subject to shareholder approval — he was previously an Additional Director in the Executive category since May 3, 2025. He brings significant tech industry experience, having been CEO of Intelliswift (USA), CTO of UST Global, and VP at Cognizant. Second, a revised Postal Ballot notice was approved covering three items: appointment of Mr. Phaneesh Murthy (former Infosys CEO) as Non-Executive Independent Director, appointment of Mr. Surej as Non-Executive Non-Independent Director, and approval of Material Related Party Transactions. The Postal Ballot will be circulated to shareholders separately.
The board is undergoing restructuring with two new director appointments seeking shareholder nod via postal ballot. Phaneesh Murthy's appointment as Independent Director is a high-profile move that could lift governance credibility, while the Material Related Party Transactions item warrants close shareholder attention.