BSECranex LtdMediumNeutral
Announced Tue, 20 May · 14:56 IST

This is to inform you that the Board of Director of the Company at its meeting held today i.e 20th May, 2025, approved the appointment of Mr. Avinash Prabhat (DIN: 10997441) as an Additional ....

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Awaiting price reaction for this filing.

AI summary

Cranex Limited's Board of Directors, at its meeting on 20th May 2025, approved the appointment of Mr. Avinash Prabhat (DIN: 10997441) as an Additional Non-Executive, Independent Director of the Company. The appointment is for a period of five years, effective from 20th May 2025, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Prabhat is 29 years old, a qualified Company Secretary and B.Com graduate, with over five years of experience in corporate law, the Companies Act, and SEBI regulations. He is confirmed to be independent under the Companies Act 2013 and SEBI Listing Regulations, not debarred by any authority, and not related to any existing director on the Board.

Likely market impact

This is a routine board composition update with no immediate material impact on the stock; the appointment will strengthen the independent oversight on the board, but it will only take full effect once approved by shareholders at the next AGM.