Pursuant to Regulation 30 and other relevant Regulations of the SEBI (LODR) Regulations, 2015 - Reconstitution of Committees.
SONAL · price
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Sonal Mercantile Ltd held a board meeting on September 2, 2025, approving the 40th Annual General Meeting on September 30, 2025 via video conferencing. The board approved the re-appointment of Mr. Pardeep Kumar as Independent Director for a second 5-year term (Sept 2025 to Sept 2030), subject to shareholder approval. Mr. Munish Kumar Garg will cease to be an Independent Director on September 8, 2025, after completing his first 5-year term. To fill the vacancy, Mr. Akash Bhardwaj was appointed as an Additional Independent Director for 5 years. The board also appointed Mr. Nitin Gupta as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). Following these changes, four board committees (Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management) were reconstituted effective September 9, 2025.
This is a routine governance update with no change in business direction. The exit of one independent director after completing a full term and the appointment of a replacement should have minimal impact on shareholders or the stock price.