Appointment of Mr Udit Maloo Din 10267229 wef 14/07/2025
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Jainco Projects India Ltd has appointed Mr. Udit Maloo (DIN: 10267229) as a Non-Executive Independent Director, effective from the board meeting held on 14 July 2025. He has been nominated for a term of 4.5 years, running from 1 August 2025 to 31 January 2030, subject to shareholder approval. Mr. Maloo brings 6 years of experience in the finance and construction industry and has previously served as an Independent Director at the same company from December 2024 to March 2025. The company has also appointed Mrs. Pushpa Nahata as another Non-Executive Independent Director, with both appointments requiring shareholder approval via a postal ballot. The e-voting window is set from 21 July to 25 July 2025, with the record date fixed at 16 July 2025.
This is a routine board-level governance update. Adding two independent directors strengthens the board's independence quotient, though it is unlikely to materially move the stock price. Shareholders should note the upcoming postal ballot and the record date of 16 July 2025 to be eligible to vote on these appointments.