SOMICONVEYNSESomi Conveyor Beltings LimitedLowNeutral
Announced Wed, 6 May · 17:26 IST

Somi Conveyor Beltings Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 06, 2026

Board & Shareholder Meetings View source PDF

SOMICONVEY · price

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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹113.39
prior close
₹114.59
base price
After-mkt
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+0.0+0.0+0.0-1.4+0.5+1.4+0.1-0.8-1.0-2.1-10.5-14.5-8.1
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AI summary

Somi Conveyor Beltings Limited held an Extraordinary General Meeting on May 6, 2026 at its Jodhpur office. The meeting was chaired by Mr. Om Prakash Bhansali, Managing Director, with quorum present. The single agenda item was a Special Resolution for the re-appointment of Mr. Santosh Kumar Joshi as Non-Executive Independent Director for a second term of five consecutive years. Shareholders were allowed to vote electronically via CDSL from May 3-5, 2026, and those present at the meeting who had not voted electronically were given the option to vote by poll. Mrs. Ira Baxi, a practicing company secretary, was appointed as scrutinizer. The voting results are to be declared within the statutory time limit.

Likely market impact

This is a routine corporate governance matter. The re-appointment of an independent director ensures continued compliance with SEBI regulations requiring a certain number of independent directors on the board. No material impact on the stock is expected as this is a standard governance procedure.