The Board of Directors approved the continuation of Prof. Ranjan Kumar Malik as a Non-Executive Independent Director until October 5, 2028, following his attaining the age of 75 years, subject to shareholder approval via postal ballot.
A postal ballot notice will be sent to shareholders to seek approval for the continuation of Prof. Malik's directorship.
The record date for identifying voting rights is Monday, June 9, 2025, with e-voting commencing on Friday, June 13, 2025, and ending on Saturday, July 12, 2025. Results will be declared on Tuesday, July 15, 2025.
The company received a notice from the National Stock Exchange of India (NSE) regarding non-compliance with Regulation 17(1A) due to not specifically mentioning it in the resolution for Prof. Malik’s reappointment.
NSE levied a fine of ₹3,61,080 (including GST) for the quarter ended December 31, 2024, and March 31, 2025, payable within 15 days.
The company will seek shareholder approval via postal ballot again, specifically mentioning Regulation 17(1A).