Appointment of non executive Independent woman Director as additional Director
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On August 29, 2025, the Board of Munoth Financial Services Ltd approved the appointment of Ms. Mansi Chopra (DIN: 11252880), aged 40, as a Non-Executive Independent Woman Director (Additional Director) for a 5-year term running from August 29, 2025 to August 28, 2030. She holds a B.Sc. in Mathematics from Stella Maris College, Chennai, and is a Partner at MBR Enterprises (chemicals and dyes). Her appointment is subject to shareholder approval at the upcoming Annual General Meeting. Separately, the Board also approved amendments to the Articles of Association (new Articles 14A, 14AA, and 80) to give the Board broader authority to issue shares, including through preferential offers or private placements, which is also subject to shareholder approval.
This is a routine governance update with no immediate material impact on shareholders; however, the proposed amendment to the Articles of Association could give the Board wider flexibility to raise capital in the future, which shareholders should review before the AGM.