DISAQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DISA India Limited has issued a Postal Ballot notice seeking shareholder approval for four resolutions. Three new Non-Executive Independent Directors are being appointed for a five-year term from February 5, 2025 to February 4, 2030: Ms. Malvieka Joshi (Legal/HR expertise), Mr. Ranjan Sen (engineering industry veteran, ex-MD Trelleborg India), and Ms. Vidya Viswanathan (Finance and Corporate Governance professional). The fourth resolution seeks to appoint Ms. Deepa Agar Hingorani, who was previously an Independent Director and Chairperson, as a Non-Executive Non-Independent Director while continuing as Chairperson, effective March 28, 2025. She will receive a commission of Rs. 5,00,000 per annum plus sitting fees. Remote e-voting via CDSL runs from April 3, 2025 to May 2, 2025, with results expected by May 6, 2025.
The board is being refreshed and strengthened with three new independent directors bringing diverse expertise in legal, engineering, and finance/sustainability. The notable change is Ms. Deepa Agar Hingorani moving from an Independent Director to a Non-Executive Non-Independent Director (while keeping the Chairperson role), which signals a shift in her relationship with the company. Overall, these are governance-related appointments unlikely to materially impact the stock price.