Re-appointment of Mr Sunil Kumar Alagh and Mr Karan Ravi Ahluwalia, both Independent Directors. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Outcome of Circular Resolutions passed by the Board of Directors on March 13, 2026, pursuant to Section 175 of the Companies Act, 2013.
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Pritish Nandy Communications has approved the re-appointment of Mr Sunil Kumar Alagh (age 79, ex-MD & CEO of Britannia Industries) and Mr Karan Ravi Ahluwalia (age 51, ex-Yes Bank Senior President) as Independent Directors for a second consecutive term of five years each, from April 6, 2026 to April 5, 2031. Both were first appointed on April 6, 2021. The board passed these circular resolutions on March 13, 2026, subject to shareholder approval through a Postal Ballot. E-voting will run from March 17, 2026 to April 16, 2026, with results announced by April 19, 2026. Each director earns sitting fees of Rs. 75,000 per board meeting and holds no shares in the company.
This is a routine governance action with no impact on operations or financials. For Mr Alagh, a special resolution is needed since he is above 75 years; for Mr Ahluwalia, an ordinary resolution suffices. Shareholders should watch the Postal Ballot outcome but should not expect any material effect on the stock price.