Board defers preferential issue, recommends re-appointment of 5 directors
QPOWER · price
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Board deferred the proposed preferential issue of equity shares or convertible warrants to shareholders of Winwin Speciality Insulators Limited, saying fundraising mode and due diligence need further evaluation. Separately, it recommended re-appointment of Chairman and MD Thalavaidurai Pandyan, Joint MD Bharanidharan Pandyan, Whole-Time Directors Chitra Pandyan and Mahesh Saralaya for 5 years from 1 March 2027, and Independent Director Sadayandi Ramesh for 5 years from 15 March 2027, subject to shareholder approval.
Deferred fundraising decision may delay the Winwin transaction; leadership continuity assured through 2032.