FDCNSEFDC Limited· PharmaceuticalsMediumNeutral
Announced Tue, 21 Apr · 12:48 IST

FDC Limited has informed the Exchange that the Board of Directors have approved seeking Shareholders Approval through Postal Ballot Process in relation to appointment of Mr. Kishore Saletore as an Independent Director.

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FDC · price

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Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹361.25
prior close
₹367.35
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AI summary

FDC Limited's Board has approved seeking shareholder approval via Postal Ballot for the appointment of Mr. Kishore Saletore as an Independent Director for a 5-year term from April 1, 2026 to March 31, 2031. The appointment was initially approved by the Board on March 18, 2026, and is now being put to shareholders for final approval. Mr. Sanjay Dholakia, a practicing Company Secretary, has been appointed as Scrutinizer for the Postal Ballot process. Electronic voting will be open from April 28 to May 27, 2026, with results to be declared by May 29, 2026.

Likely market impact

This is a routine governance update. The appointment of an independent director strengthens the Board's compliance with corporate governance norms but is unlikely to have any immediate impact on the stock price.