1. Appointment of Mr. Deepak Mane as an Additional Director and independent director. 2. Resignation of Mrs. Bhagyashri Dixit, Director of the Company. 3. Appointment of Secretarial Auditor
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On May 29, 2025, Veritas (India) Ltd's board approved three key changes. Mr. Deepak Mane, CEO of Pransa Financial Consultants (a boutique investment bank), was appointed as an Additional Director in the Independent Director category for a 5-year term, subject to shareholder approval. Mrs. Bhagyashri Dixit resigned as Independent Director citing inability to devote sufficient time due to other preoccupations, with the resignation effective immediately. Additionally, M/s SKJP & Associates was appointed as the Secretarial Auditor for a first term of five consecutive years covering FY 2025-26 to FY 2029-30, pending shareholder approval at the next AGM.
Routine board refreshment with one independent director replacing another should not materially affect the stock. The independent director exit was for personal time constraints, with no governance concerns flagged, maintaining board continuity through the new appointee.