35th AGM on July 24; MOA amendment for merger and CMD continuation

Board & Shareholder Meetings View source PDF

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-3.8%1-day move

₹10.49

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AI summary

35th AGM on July 24, 2026 at 10am via video conference. Ordinary business: adopt FY26 audited financials and reappoint Mrs Shailaja Suresh. Special business: amend MOA to allow mergers, acquisitions, amalgamations, linked to proposed merger with SKF Elixer India Private Limited. Also seek approval to continue Mr Suresh Shastry as CMD for 5 more years from Nov 12, 2026 as he turns 70. E-voting July 21-23, record date July 17.

Likely market impact

Shareholders vote on MOA change enabling merger with SKF Elixer India and 5-year extension of CMD Mr Shastry past age 70.