VASWANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Vaswani Industries Ltd met on May 18, 2026, and approved the re-appointment of Mr. Rituraj Peswani as an Independent Director for a second term of 5 consecutive years. His first term concluded on May 18, 2026. The Board appointed him as Additional Director (Non-Executive, Independent Category) effective May 19, 2026, subject to shareholder approval via Special Resolution at the ensuing AGM. Mr. Peswani holds a Master's in Commerce and has over 20 years of experience in the steel and iron industry. His committee memberships, including Audit Committee Chairman and Stakeholders' Relationship Committee Chairman, will continue uninterrupted. He is not related to any Director or KMP and is not debarred from holding the director position.
This is a routine governance matter confirming continuity of an experienced independent director on the board. No impact on shareholders expected as this is a standard re-appointment subject to shareholder approval.