Board approves Vietnam subsidiary, reappoints 3 independent directors
INDOMIM · price
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Indo-MIM's board on Oct 14, 2026 approved incorporating a wholly owned subsidiary in Vietnam to manufacture, assemble and export electronics, prototype and engineering components. Total planned investment is Rs. 45 crore over 5 years, funded in cash. The board also reappointed 3 independent directors (Mrs. Rajni Anil Mishra, Mrs. Meera Shankar, Mrs. Sujitha Karnad) for 5 years each from March 30, 2027, subject to postal ballot approval. The insider trading policy was revised to align with SEBI rules.
Vietnam push signals overseas expansion into electronics manufacturing. Director reappointments are routine. Postal ballot approval needed for directors.