Reg. 34 (1) Annual Report_2023
Awaiting price reaction for this filing.
Futura Polyesters Limited has submitted its Annual Report for FY 2022-23 along with notice for the 62nd Annual General Meeting scheduled on May 29, 2026 at 12:45 PM via video conferencing. The AGM will consider adoption of audited financial statements for the year ended March 31, 2023. Two special business items are on the agenda: re-appointment of Mr. Shyam B. Ghia as Managing Director and Mr. Mukund D. Dalal as Joint Managing Director, both for a period of 5 years from April 3, 2024 to April 2, 2029. Remote e-voting will be available from May 26 to May 28, 2026, with May 22, 2026 as the cut-off date for determining eligible voters. The company has appointed Martinho Ferrao as scrutinizer for the voting process.
The re-appointment of key managerial personnel ensures leadership continuity at the company. Shareholders should participate in the voting process to approve these appointments. This is a routine corporate governance matter with no immediate material impact on stock price.