Please find enclosed the outcome of Board Meeting held on 20 August, 2025
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Awaiting price reaction for this filing.
The board approved the ratification of a Postal Ballot notice dated June 13, 2024 to fix an error in Mr. Sagar Khurana's appointment as Managing Director, which had wrongly stated his office as liable to retire by rotation instead of not liable to retire by rotation. His 5-year term from June 13, 2024 to June 12, 2029 remains unchanged. The board also appointed M/s S. Agarwal & Co. as Statutory Auditors for five financial years (FY 2025-26 to FY 2029-30) and M/s Sumit Bajaj & Associates as Secretarial Auditor for the same period. Additionally, the board approved the 43rd AGM notice for September 15, 2025, the Directors' Report for FY 2024-25, and the appointment of Mr. Sumit Bajaj as Scrutinizer for the AGM e-voting process.
The correction of the MD rotation status is a minor governance housekeeping item and unlikely to move the stock. Fresh auditor appointments for a full 5-year term signal continuity in compliance, and the upcoming AGM on September 15, 2025 will be the next key event for shareholders.