Outcome of Board Meeting held on June 09, 2025
Price
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The board of Oriental Rail Infrastructure Ltd, at its meeting on June 9, 2025, noted the completion of tenure of Mr. Suresh Mane as Independent Director, who retired after serving two consecutive 5-year terms, effective end of business hours on June 12, 2025. To fill the vacancy, the board appointed Mr. Nilesh V. Parikh as an Additional Director (Non-Executive Independent) for a 5-year term starting June 9, 2025, subject to shareholder approval at the upcoming AGM. Mr. Parikh is a Chartered Accountant with over 23 years of experience in taxation, auditing, and financial advisory, and is not related to any existing director, KMP, or promoter. He confirmed independence under the Companies Act and SEBI Listing Regulations and is not debarred from holding directorship by any authority.
This is a routine board refresh with one outgoing Independent Director (natural end of tenure) and one incoming Independent Director with strong finance and tax expertise. No material impact on shareholders or stock price is expected, though the addition of a finance-focused Independent Director may strengthen board oversight on financial matters.