The Board of Directors of Melstar Information Technologies Limited have at their meeting held on Monday, the 22nd day of September, 2025, interalia considered and approved, along with other ....
Awaiting price reaction for this filing.
Melstar Information Technologies' Board met on September 22, 2025 and approved three items. First, the Board noted a resolution passed by circulation applying to the ROC for an extension of time to hold the Annual General Meeting for FY 2024-25, filed on September 10, 2025 under Section 175 of the Companies Act, 2013. Second, Ms. Bhawna Rajawat (ICSI Associate Member, A74845) was appointed as the new Company Secretary and Compliance Officer (Key Managerial Personnel). Third, Mr. Johnson Selvaraj (DIN: 10637235) was appointed as an Additional Director (Non-Executive & Independent) for a term of up to five years, subject to shareholder approval at the next general meeting. Mr. Selvaraj brings over 34 years of experience, including 28 years in IT Infrastructure Services, to the Board. The Board meeting lasted only about 11 minutes, from 5:00 PM to 5:11 PM IST.
The AGM extension for FY 2024-25 is a governance red flag worth monitoring, as repeated delays can attract regulatory scrutiny. The appointments of a Company Secretary and a senior IT industry Independent Director are positive for governance and board expertise, though the stock price impact is likely to be limited given the routine nature of these changes.