The Board, subject to the approval of the shareholders, has considered, approved and recommended, to ratify the content of the Notice of Postal Ballot dated 13th June 2025 w.r.t. Period ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its 20th August 2025 meeting, approved several items. First, it recommended ratification of the Postal Ballot notice dated 13th June 2024 to correct an error that wrongly stated Managing Director Mr. Sagar Khurana's office as 'liable to retire by rotation' instead of 'not liable to retire by rotation' - his 5-year term runs from June 13, 2024 to June 12, 2029. Second, it approved the appointment of M/s S. Agarwal & Co. as Statutory Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval. Third, it appointed M/s Sumit Bajaj & Associates as Secretarial Auditor for the same five-year period. The board also approved the 43rd AGM notice for 15th September 2025 (via video conferencing) and the Directors' Report for FY 2024-25.
These are routine governance and compliance actions with no material business impact. The MD-related item is a procedural correction of an old notice rather than a change in leadership. Long-term auditor appointments and the upcoming AGM are standard regulatory steps.