Safa Systems & Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve The Board of Directors, ....
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Safa Systems & Technologies Ltd has postponed its Board meeting originally scheduled for 28th May 2025 to Friday, 30th May 2025. The meeting was to consider and approve the Audited Financial Results for the quarter and year ended 31st March 2025. The postponement was due to the absence of the required quorum — both Independent Directors were unavailable, which is mandatory under the Companies Act, 2013 and SEBI LODR Regulations. The meeting will be reconvened at the same venue and time. The trading window for dealing in the company's shares remains closed until 48 hours after the results are declared.
This is an administrative delay with no direct financial or operational impact. However, the absence of both Independent Directors raises a minor governance concern for shareholders, as it temporarily stalled the approval of the FY25 audited results.