Appointment of directors and secretarial auditor in the AGM held on September 27, 2025.
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Mayur Leather Products Ltd held its 40th Annual General Meeting on September 27, 2025, in Jaipur, where all 9 resolutions were passed with overwhelming majority (99.99% in favour). Key resolutions included re-appointment of Mrs. Amita Poddar (promoter, spouse of CEO Rajendra Kumar Poddar) as a director retiring by rotation, appointment of two new Independent Directors (Mr. Vitthal Nawandhar, a Chartered Accountant, and Ms. Anjali Sharma, an export business professional) for a 5-year term, appointment of three new Non-Executive Non-Independent Directors (Ms. Poonam Khetan, Mr. Raj Gopal Sarda, and Mr. Manish Biyani), and appointment of M/s ATCS & Associates as Secretarial Auditors. A special resolution was also passed to alter the Object Clause of the Memorandum of Association, expanding the company's permitted business areas. Voting was conducted via remote e-voting and ballot papers, with 58.94% of outstanding shares participating.
The expansion of the board with qualified independent and non-independent directors along with the alteration of the object clause suggests the company may be preparing to enter new business areas. Shareholders approved all resolutions with near-unanimous support, indicating no governance friction. This is largely a procedural corporate housekeeping event with no immediate material impact on stock price.