Melstar Information Technologies Limited has informed the Exchange regarding Appointment of Mr Johnson Selvaraj as Non- Executive Independent Director of the company w.e.f. September 22, 2025.
Awaiting price reaction for this filing.
Melstar Information Technologies held a board meeting on September 22, 2025, lasting just 11 minutes. The board approved the appointment of Mr. Johnson Selvaraj (DIN: 10637235) as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. He is a seasoned IT services leader with over 34 years of experience. The board also appointed Ms. Bhawna Rajawat as the new Company Secretary and Compliance Officer (KMP). Additionally, the board noted a circular resolution seeking an extension from the ROC for holding the Annual General Meeting for FY 2024-25, suggesting the company missed the standard AGM deadline.
The new independent director brings IT industry experience, which could strengthen board oversight for a technology company. However, the need for an AGM extension is a mild red flag on governance timeliness, though it is not uncommon for smaller companies. Overall a routine governance update with limited immediate impact on the stock price.