INTIMATION UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS 2015
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At the 29th Annual General Meeting held on September 24, 2025, shareholders approved the regularization of Ms. Kavya Agarwal as a Non-Executive Non-Independent Director. She was originally appointed as an Additional Director on August 20, 2025. Ms. Kavya is the daughter of Mr. Subodh Agarwal (Managing Director) and Ms. Renu Agarwal (Executive Director), making this a promoter family member joining the board. She is described as a young entrepreneur with experience in event management, fashion, and branding. The AGM also approved the appointment of M/s. V. Agnihotri & Associates, Practicing Company Secretaries, as Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30. The firm is led by CS Vaibhav Agnihotri, a Fellow Member of ICSI.
The appointment of a promoter family member as a director signals potential succession planning within the Agarwal family, which shareholders should monitor for governance implications. The long 5-year secretarial auditor appointment is routine and supports continuity in compliance oversight.