Kalyani Investment Company Limited has informed the Exchange regarding 'Reply submitted to Institutional Investors Advisory Services ( IIAS ) in relation to resolution for appointment of Mr Amit Kalyani as non-executive Director of Hikal Limited ( Hikal ) at its annual general meeting to be held on 23 September 2025 ( AGM )'.
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Kalyani Investment Company has informed the stock exchange that it submitted a reply to Institutional Investors Advisory Services (IIAS) regarding the resolution for appointing Mr. Amit Kalyani as a non-executive Director of Hikal Limited. This appointment is proposed at Hikal's Annual General Meeting scheduled for 23 September 2025. IIAS typically advises institutional shareholders on voting at AGMs and raises governance-related concerns on company resolutions. The exchange of communication suggests IIAS may have flagged concerns or sought clarifications about this directorship, and Kalyani Investment Company has provided its response.
This filing signals that the appointment of Mr. Amit Kalyani (from the Kalyani promoter family) to Hikal's board is under governance scrutiny, which could influence institutional shareholders' voting at Hikal's AGM and may create short-term uncertainty around the resolution.