Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of Saptak Chem and Business Ltd met on March 17, 2026 and approved several items, most of which require shareholder approval via postal ballot. Key approvals include: granting loans/investments/guarantees under Section 186, entering into transactions under Section 185, and related party transactions. The board also approved the regularization and appointment of Mr. Ayush Vinod Kumar Tated as Managing Director for a 5-year term (Jan 9, 2026 to Jan 8, 2031), and regularized the appointments of Mr. Ajay Yadav as Non-Executive Non-Independent Director, and Mr. Jubin Premji Gada and Ms. Rinku Saini as Non-Executive Independent Directors. The board approved the e-voting timeline, postal ballot notice, and appointed a scrutinizer for the postal ballot process.
Shareholders will be asked to vote on multiple key items including related party transactions, board appointments, and the new Managing Director's 5-year tenure. The company appears to be restructuring its board and governance, with significant related party transactions that may raise governance concerns for minority shareholders.