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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved the draft Board Report along with its annexures and Director Responsibility Statement for FY 2024-25, and noted the Secretarial Auditor's report. It recommended M/s. Deepak N. Chheta, Practicing Company Secretaries, as Secretarial Auditor for a 5-year term (40th to 45th AGM) and approved re-appointment of the Director retiring by rotation. The Board finalised the notice, date, venue, cut-off date, and e-voting window for the 40th AGM, and appointed M/s. Kirti Bihani & Associates as scrutinizer for the e-voting process. Additionally, Mr. Rajesh Rama Swamy, a former SBI banker with over 30 years of experience and currently a Strategic Advisor to the Indo Gulf and Middle East Chamber of Commerce, was appointed as Additional Director (Independent) for a 5-year term, subject to SEBI/Companies Act independence criteria.
Adding a senior banking and risk-management professional as an Independent Director should strengthen board oversight and corporate governance, which is mildly positive for shareholders. The remaining items are routine annual-compl housekeeping with no material financial impact on the stock.