The Board of Directors of SK International Export Limited at its meeting held on Wednesday, August 20, 2025 at 15:00 (IST) approved, inter alia, the appointment of Mr. Rajesh Hariram Bhalla ....
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The board met on August 20, 2025 and approved several items. Mr. Rajesh Hariram Bhalla was appointed as Additional Independent Director for five years, subject to shareholder approval at the 7th AGM on September 15, 2025. The company also approved the sale of two rental gala properties in Virar (Gala No. 205 and 206) to an unrelated party, M/s. Shreesai Enterprises, for about Rs. 37 lakhs and Rs. 39 lakhs respectively; these assets contributed only around 0.81% of total income each. The board decided not to declare any dividend for FY 2024-25 in order to conserve cash. It also approved the Directors' Report, MD&A, and re-appointment of Ms. Purti Sadh as a director retiring by rotation.
The new independent director brings outside business experience but is not expected to materially change operations. Sale of small non-core rental assets and skipping the dividend are minor housekeeping moves with negligible impact on shareholders.