Indo-MIM board OKs Vietnam subsidiary, re-appoints 3 independent directors
INDOMIM · price
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Indo-MIM board on Oct 14 approved re-appointment of three independent directors (Mishra, Shankar, Karnad) for 5 years from March 2027 to March 2032, subject to shareholder approval. Also approved a wholly owned subsidiary in Vietnam to manufacture electronics and engineering components, with about Rs 45 crore investment spread over 5 years. Postal ballot notice approved.
Vietnam expansion opens a new growth avenue; director continuity supports stability. Both key items subject to postal ballot approval.