Somi Conveyor Beltings Limited has informed the Exchange regarding Outcome of Board Meeting held on April 08, 2026.
SOMICONVEY · price
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Somi Conveyor Beltings Limited held its 2nd Board Meeting for 2026 on April 8, 2026. The key outcome was the approval of re-appointment of Mr. Santosh Kumar Joshi as Non-executive Independent Director for a second term of 5 consecutive years, subject to shareholder approval via Special Resolution at an Extra-Ordinary General Meeting. The EGM is scheduled for May 6, 2026 at the company's registered office. FCS Ira Baxi, Practising Company Secretary, has been appointed as Scrutinizer for the e-voting and poll process. Other routine business matters were also discussed and approved.
The re-appointment of an independent director is a routine governance matter with neutral impact on the stock. Shareholder approval will be sought at the May EGM, which is standard procedure for independent director re-appointments.