Outcome of the Board Meeting held on 2nd June, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Shraddha Prime Projects Ltd, held on June 2, 2026, approved several key decisions. These include the confirmation of Mr. Vinay Madhukar Nayak as a Non-Executive Non-Independent Director, effective July 8, 2026, via postal ballot. The Board also approved the re-appointment of Mr. Sudhir Balu Mehta as Managing Director for a second five-year term from August 7, 2026 to August 6, 2031, and the re-appointment of Mrs. Shivangi Datta as Independent Director for a second five-year term over the same period, both subject to shareholder approval at the upcoming AGM. Additionally, the Board approved the postal ballot notice, appointed Ms. Neeta H. Desai as scrutinizer, and selected NSDL as the e-voting agency.
These are routine governance actions and re-appointments of existing directors, requiring shareholder approval via postal ballot. The re-appointment of the existing Managing Director provides leadership continuity, while the new non-executive director addition may bring fresh experience in retail sales and operations. Minimal immediate impact on stock price is expected as these are standard corporate governance items.