Pursuant to Regulation 30 and other relevant Regulations of the SEBI (LODR) Regulation, 2015 - Appointment of Independent Director.
SONAL · price
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Sonal Mercantile's board, meeting on September 2, 2025, approved the notice for its 40th Annual General Meeting on September 30, 2025, to be held via video conferencing. The board also approved the Board Report, Management Discussion and Analysis, and Corporate Governance Report for FY ended March 31, 2025. On the director front, Mr. Pardeep Kumar was re-appointed as an Independent Director for a second 5-year term (Sept 9, 2025 to Sept 8, 2030), Mr. Munish Kumar Garg will cease as Independent Director after completing his first 5-year term on September 8, 2025, and Mr. Akash Bhardwaj was appointed as a new Independent (Non-Executive) Director for 5 years. The board also appointed Mr. Nitin Gupta as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) and reconstituted the Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management committees accordingly.
These are routine governance and AGM-related updates with no major business impact. The change is essentially a like-for-like swap of one independent director, keeping board composition and committee structure intact, so shareholders should see little effect on the stock.