Intimation for appointment of Mrs. Rupinder Manjotsingh Oberoi as Additional (Non Executive) Director and acceptance of Resignation of Mr. Hasmukh Rai Raval as director
Awaiting price reaction for this filing.
Unistar Multimedia's board, at its meeting on July 8, 2025, approved the appointment of Mrs. Rupinder Manjotsingh Oberoi as an Additional (Non-Executive) Director, subject to shareholder approval. She holds a graduate degree in Economics, Political Science, and Mathematics, with past experience in teaching and customer care, and is not related to any existing directors, KMPs, or promoters. Separately, the board accepted the resignation of Mr. Hasmukh Rai Raval as Non-Executive (Non-Independent) Director, effective the same date. Notably, Mr. Raval's attached resignation letter reveals he had first submitted his resignation on July 19, 2024 — nearly a year earlier — alleging the board and management took no action to process it, did not file required forms with the Registrar of Companies, and did not intimate the stock exchange.
The new director appointment is routine and awaits shareholder approval at the next general meeting. The more material point is the governance red flag: the company allegedly sat on a director's resignation for over a year without filing mandatory RoC forms, which could expose Unistar Multimedia to regulatory scrutiny and weaken investor confidence in its board oversight.