Coral India Finance & Housing Limited has informed the Exchange regarding Board meeting held on Jun 23, 2025.
CORALFINAC · price
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Coral India Finance & Housing Limited held a board meeting on June 23, 2025, where the directors approved the re-appointment of Mr. Niraj Mehta (DIN: 02667671) as an Independent Director for a second term of 5 years, effective July 17, 2025 to July 16, 2030, subject to shareholder approval. The board also approved convening an Extra-Ordinary General Meeting (EGM) on July 16, 2025 at 2:00 PM via video conferencing to seek shareholder approval. Mr. Mehta was first appointed as an Independent Director on July 17, 2020, and holds a law degree and an MBA in Finance with over 15 years of experience across management, finance, and investment strategy. The company confirmed that Mr. Mehta is not debarred by SEBI, is not related to any director, and meets the independence criteria under the Companies Act and SEBI LODR.
This is a routine governance announcement and is unlikely to have a material impact on the stock price. Shareholders will get to vote on Mr. Mehta's re-appointment at the upcoming EGM on July 16, 2025, providing continuity on the board.