In compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, 2. Take note of Completion of Tenure/Cessation of Independent Director 3. Appointment of Non-Executive Non-Independent ....
PIONRINV · price
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Pioneer Investcorp's board met on 20th June 2025 and approved multiple items. Mr. Gaurang Gandhi was re-appointed as Managing Director for a 3-year term from 1st October 2025 to 30th September 2028, subject to shareholder approval. Independent Director Mrs. K.C. Maniar ceased upon completion of two consecutive 5-year terms. Mrs. Saraswathy Sadasivan was appointed as Non-Executive Non-Independent Director, and Mr. Raj Kumar Singh as Non-Executive Independent Director for 5 years. Mr. Shailesh Dalal was re-appointed as Independent Director for a second term, and Mr. Tushya Jatia was re-appointed as a Director liable to retire by rotation. M/s. Vineet Patel & Co. was appointed as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30). The board also approved raising up to Rs. 300 Crores through Secured or Unsecured Redeemable Non-Convertible Debentures on a private placement basis, subject to shareholder approval.
The Rs. 300 Crore NCD issuance plan signals upcoming fundraising activity that could expand the company's capital base but also add to its debt obligations. Director changes appear routine, with one normal tenure completion and standard re-appointments, suggesting no governance concerns.