The Board of Directors at its meeting held on 2nd March 2026 has approved the proposal to conduct a postal ballot to obtain the approval of the members for the appointment of Director(s) ....
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The Board of Veejay Lakshmi Engineering Works, at its meeting on 2nd March 2026, approved the appointment of Mr. Sargunam Ranganathan (age 72) as a Whole-time Director for a period of 5 years. The Board also appointed Mr. Sanjay Dharamsi Shah and Ms. Indira Veeraraghavan as Additional Directors in the Non-Executive Independent category, each for a 5-year term. All three appointments are subject to shareholder approval, for which the company will conduct a postal ballot process. Mr. M. D. Selvaraj of MDS & Associates LLP has been appointed as the Scrutinizer for the postal ballot. None of the appointees are debarred by SEBI or any other authority, and none are related to existing directors or KMPs.
This is a routine board reconstitution event — the company is adding one executive and two independent directors. Shareholders will vote on these appointments via postal ballot, but the decisions are largely procedural and unlikely to materially affect the stock price in the short term.