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Awaiting price reaction for this filing.
Nettlinx Limited's board has approved seeking shareholder approval through a postal ballot for three key matters: (1) sale of shares held in Sri Venkateswara Green Power Projects Limited, (2) appointment of Mr. Amarender Reddy Bandaru as Non-Executive Independent Director, and (3) appointment of Mr. Rohith Loka Reddy as Managing Director. Mr. Ch. Veeranjaneyulu (Partner of M/s. VCSR & Associates) has been appointed as scrutinizer for the process. The e-voting window runs from May 30, 2025 to June 28, 2025, with results expected to be declared on or before June 30, 2025.
Shareholders will vote on a potential divestment from the green power subsidiary along with two key board appointments. The outcome of the share sale in Sri Venkateswara Green Power Projects could impact future revenue contribution from that business segment.