Re-Appointment of Mr. Ajay Puri for his 2nd Term of Independent Directorship
HGM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of HGM Limited approved the re-appointment of Mr. Ajay Puri as Non-Executive Independent Director for a second 5-year term from September 22, 2026 to September 21, 2031, subject to shareholder approval. Mr. Puri, with over three decades of experience in HVACR, consumer durables, and technology sectors, currently serves as Executive Director at Reliable Business Technologies Sdn. Bhd. in Malaysia. The board meeting also approved audited financial results for Q4 and FY ended March 31, 2026 with an unmodified opinion from auditors Lodha & Co LLP. Additionally, certain promoters requested reclassification of their shareholding to the Public category, and the company plans to shift its registered office from the 3rd to 4th floor of the same building in Pune.
The re-appointment of Mr. Puri indicates continuity in board governance and independence. The unmodified auditor opinion on financial results is a positive signal for shareholders. The promoter reclassification request, if approved, may alter the company's promoter shareholding structure going forward.