The Board Meeting Held on Thursday, August 28, 2025 to Approved the Appointmnet of Mr. Abdul Hafiz Shaikh (DIN: 11259242) as Additional Non-Executive, Independent Director, Mr. Kanhaiyalal ....
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Relicab Cable Manufacturing's Board, at its meeting on August 28, 2025, approved the appointment of Mr. Abdul Hafiz Shaikh and Mr. Kanhaiyalal Hawaldar Yadav as Additional Non-Executive, Independent Directors for a 5-year term effective September 01, 2025, subject to shareholder approval. The Board also approved the redesignation of Ms. Vijaya Bhikaji More from Independent Director to Additional Non-Executive, Non-Independent Director effective September 09, 2025, after her independent director tenure ends on September 08, 2025. All three appointees are confirmed as not debarred by SEBI from holding director positions. Additionally, the Board approved the notice for the 16th Annual General Meeting. The meeting lasted from 4:00 PM to 4:30 PM.
The addition of two new independent directors strengthens the board's independence quotient, while Ms. More's continuation in a non-independent role suggests the company values her continued association. These are routine governance changes requiring shareholder ratification at the upcoming AGM, with no immediate material impact on stock price expected.