SOMICONVEYNSESomi Conveyor Beltings LimitedLowNeutral
Announced Wed, 8 Apr · 17:12 IST

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

Board & Shareholder Meetings View source PDF

SOMICONVEY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹105.07
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base price
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+4.7+2.1+7.1+7.1+8.5+8.0+3.8+9.5-7.2-4.9
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AI summary

Somi Conveyor Beltings Limited has called an Extra-Ordinary General Meeting on Wednesday, 6th May 2026 at 11:30 AM at their registered office in Jodhpur, Rajasthan. The meeting will consider only one agenda item: the re-appointment of Mr. Santosh Kumar Joshi as Non-Executive Independent Director for a second term of five consecutive years (from 22nd February 2026 to 21st February 2031). Mr. Joshi was first appointed as Independent Director on 22nd February 2021. He is 52 years old with 31 years of experience in accountancy and economics. He does not hold any shares in the company and is not related to any other director. The Nomination and Remuneration Committee has recommended his re-appointment based on performance evaluation. Remote e-voting will be available from 3rd May 2026 to 5th May 2026, with 29th April 2026 as the cut-off date for determining voting eligibility.

Likely market impact

This is a routine corporate governance matter requiring shareholder approval for re-appointment of an independent director. The resolution requires a Special Resolution, which typically passes as these appointments are board-recommended. Minimal direct impact on stock price expected.