Oracle Financial Services Software Limited has informed the Exchange about appointment of M/s P. Diwan & Associates, Practicing Company Secretaries (Firm Registration Number - MU000011288), as the Secretarial Auditor of the Company.
OFSS · price
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The board of Oracle Financial Services Software Limited (OFSS), at its meeting on June 11, 2025, approved the appointment of Mr. Nian Nian Yuan as an Additional Non-Executive, Non-Independent Director with effect from June 11, 2025, subject to shareholder approval. Mr. Yuan is a Senior Vice President of Corporate Development at parent company Oracle Corporation and handles M&A, investments, divestitures, and product licensing. The board also appointed M/s P. Diwan & Associates, Practicing Company Secretaries, as the Secretarial Auditor for five consecutive years from FY2025-26 to FY2029-30, subject to shareholder approval. Additionally, the 36th Annual General Meeting was scheduled for July 24, 2025, to be held via video conferencing, with the register of members closed from July 18-24, 2025. Remote e-voting will run from July 19-23, 2025.
These are routine corporate governance actions. The new director represents the parent Oracle Corporation, reinforcing the parent-subsidiary relationship, while the new secretarial auditor is a five-year appointment requiring shareholder approval at the upcoming AGM. No material impact on shareholders or stock price is expected.