Crown Lifters Limited has informed the Exchange regarding 'Intimation of Adjournment of Extra Ordinary General Meeting of the Company'.
CROWN · price
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Awaiting price reaction for this filing.
Crown Lifters Limited's 1st EGM for FY 2025-26, originally scheduled for May 2, 2025 at 2:00 PM via video conferencing, was adjourned due to want of quorum (insufficient members present). The adjourned EGM will now be held on Friday, May 9, 2025 at 2:00 PM through VC/OAVM to transact the same business. The sole agenda item is the appointment of Mr. Nooruddin Savji Rajwani (DIN: 00202397) as a Non-Executive Non-Independent Director, liable to retire by rotation. Mr. Rajwani was originally appointed as Additional Director on February 14, 2025 and brings over 40 years of experience in the crane industry. He is the father of the company's CFO, Mr. Nizar Nooruddin Rajwani, and currently holds no shares in the company. Shareholders can vote via remote e-voting (NSDL) for the resolution at the rescheduled meeting.
The adjournment is purely procedural and delays — but does not cancel — the director appointment vote. Retail investors should note the lack of quorum at the first attempt, which may raise minor governance concerns about shareholder engagement. The appointment of a director related to the CFO (father-son relationship) is worth tracking, though it is a non-executive role with no shareholding.