Udayshivakumar Infra Limited has informed regarding Disclosure of material issue
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Udayshivakumar Infra Limited held an Extra-Ordinary General Meeting (EGM) on May 19, 2025, from 2:00 PM to 3:05 PM at its registered office in Davangere, Karnataka. 34 members attended the meeting. Three special business items were transacted: re-appointment of Mr. Udayshivakumar as Managing Director, appointment of Mr. Kencha Reddy Hanumantha Reddy as Non-Executive Non-Independent Director, and appointment of Mr. Akshay Vijay Raichurkar as Independent Director. The company had provided remote e-voting facility from May 16 to May 18, 2025. Mr. Roshan Raikar, Practicing Company Secretary, was appointed as scrutinizer. The auditors NBT & Co. were granted leave of absence. Combined voting results are to be announced within two working days.
These resolutions relate to key board-level changes including the re-appointment of the Managing Director and induction of new directors, which may signal continuity of management and potential strategic direction changes. Shareholders should await the voting results to gauge approval levels on these appointments.