Please find attached outcome of Board Meeting
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The board approved the Director's Report for FY 2024-25 and recommended key re-appointments for shareholder approval at the 31st AGM. Mr. Adarsh Purohit (DIN: 02950960) was re-appointed as Chairman & Managing Director for a fresh 5-year term (October 24, 2025 to October 23, 2030) and also re-offered himself as a Director retiring by rotation. Ms. Sunita Rani Parida (DIN: 08957699) was re-appointed as Non-Executive Independent Director for a 2nd consecutive 5-year term. M/s. Sanjay Kumar Vyas was appointed as Secretarial Auditor for 5 years and also as Scrutinizer for the AGM e-voting process. The board approved shifting the Registered Office from Odisha to Maharashtra, subject to shareholder approval. The 31st AGM is scheduled for September 29, 2025 at 2:30 PM via video conferencing.
Continuation of existing leadership (MD and Independent Director) provides stability, but shareholders should note the proposed shift of registered office from Odisha to Maharashtra, which could have administrative or tax implications. The 5-year re-appointment of the MD strengthens promoter control continuity.