Board of Directors of the Company nter-alia considered and approved the following matters: 1. Appointment of Non-Executive Non-Independent Director on the Board of the Company: 2. Appointment ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SGL Resources' board, at its meeting on June 18, 2025, appointed one Non-Executive Non-Independent Director (Mr. Bony Kiritkumar Patel) and three Independent Directors (Mr. Ritesh Shivkumar Mishra, Ms. Sona Bachani, and Ms. Niyati Vora) for a 5-year term, subject to shareholder approval. Board committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted with the new directors. The board also re-recommended M/s Manoj Acharya & Associates as Statutory Auditor to fill the casual vacancy left by the resignation of the previous auditor, M/s SPARKS & Co., after shareholders had earlier rejected this appointment in a postal ballot on May 22, 2025. An Extraordinary General Meeting (EGM) has been called for July 10, 2025 to seek shareholder approval for these appointments.
For shareholders: the company currently lacks a confirmed statutory auditor, and the EGM vote will determine whether Manoj Acharya & Associates takes over the audit. The significant overhaul of the board (4 new directors including 3 independents) could affect governance and oversight going forward.