Notice convening the EGM of the company to be held on Friday, 13th June, 2025 at 02:00 PM IST at the registered office of the company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nivi Trading Limited has called an Extraordinary General Meeting on Friday, June 13, 2025 at 2:00 PM IST at its registered office in Worli, Mumbai. The EGM will consider four resolutions related to board composition: (1) Appointment of Mr. Bipin Nandlal Jani (age 68) as Managing Director for 5 years from March 30, 2025 to March 29, 2030 with NIL remuneration (Special Resolution); (2) Appointment of Mrs. Sandra R. Shroff (age 84) as Non-Executive, Non-Independent Director, transitioning from her prior role as Managing Director (Ordinary Resolution); (3) Re-appointment of Mr. Prasad Vasudeo Paranjape as Independent Director for a second 5-year term from June 15, 2025 to June 14, 2030 (Special Resolution); (4) Re-appointment of Ms. Meena Deepak Ved as Independent Director for a second 5-year term from June 15, 2025 to June 14, 2030 (Special Resolution). The cut-off date for shareholder eligibility is June 6, 2025, with remote e-voting open from June 10-12, 2025.
This is a routine governance announcement with no direct financial impact on shareholders. The new MD is being appointed at NIL remuneration, which preserves cash resources. The re-appointments of two independent directors ensure board continuity, while Sandra Shroff's transition from MD to Non-Executive role signals a leadership succession. No material price-moving implications expected.