THIS IS TO INFORM YOU THE MEETING OF THE BOARD OF DIRECTORS OF NEO INFRACON LIMITED HELD AT REGISTERED OFFICE OF THE COMPANY HELD ON 27-03-2026 HAS CONSIDERED AND APPROVED THE FOLLOWING: 1. ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On March 27, 2026, the Board of Neo Infracon Ltd (formerly Anuvin Industries Ltd, BSE: 514332) approved key changes to its composition. Two Non-Executive Independent Directors — Mr. Rajen Bachubhai Mehta and Ms. Varisha Ramesh Kanungo — resigned with immediate effect citing personal and professional pre-occupations, with both confirming no other material reasons for their exit. To fill the vacancies, Ms. Honey Deepak Jain, a Chartered Accountant with finance and compliance experience, was appointed as an Additional Independent Director for a 5-year term. Mr. Darshik Dilipkumar Mehta was also appointed as an Additional Non-Executive Non-Independent Director. The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were subsequently reconstituted to comply with listing regulations.
The simultaneous exit of two independent directors and quick replacement keeps the board compliant with minimum independent director requirements, but the back-to-back resignations may raise short-term governance concerns among retail investors. Overall, the changes appear routine as new directors with relevant expertise have been inducted to fill the gaps.