Board re-appoints 2 promoter sons as WTDs, approves Q1 FY27 results

Promoter family joins the boardManagement Changes View source PDF Explain this filing

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AI summary

Board approved Q1 FY27 (June 2026) unaudited standalone and consolidated results with limited review by Vora and Associates. Re-appointed Mr. Manish P. Soni and Mr. Vishal P. Soni as Whole Time Directors for 5 years each. Both are sons of Chairman and Promoter P.L. Soni. Remuneration fixed at Rs 3 lakh per month for 3 years, subject to shareholder approval. Also approved 34th AGM notice, book closure dates, e-voting, and appointed scrutinizer. Subsidiary Sea King Club reported Rs 206 lakh loss for the quarter.

Likely market impact

Promoter family retains board control with 5-year WTD extensions. Q1 results approved; subsidiary posted Rs 206 lakh loss.