Board approves Vietnam subsidiary, re-appoints 3 independent directors
INDOMIM · price
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Board approved re-appointment of 3 independent directors for 5 years from March 30, 2027 to March 29, 2032, subject to postal ballot. It also approved incorporating a wholly owned subsidiary in Vietnam for manufacturing electronics and engineering components, with Rs. 45 crores investment over 5 years. Insider trading policy revised.
Vietnam subsidiary signals international expansion. Director re-appointments ensure board continuity, subject to postal ballot approval.