AGM approves MD's status change to retire by rotation; new Secretarial Auditor appointed
Mr. Priyadarshi Pany (Chairman, MD & CEO, Promoter) moving from a Director not liable to retire by rotation to a Director liable to retire by rotation, effective 29 September 2026.
- AGM Date
- 29th September, 2026
- Director Status Change
- Mr. Priyadarshi Pany moved from Director not liable to retire by rotation to Director liable to retire by rotation, effective 29 September…
- MD Term
- 01.08.2025 to 31.07.2030
- Secretarial Auditor Appointed
- M/s. Bimal Pattanaik & Associates, Company Secretaries
- Auditor Term
- 5 consecutive years, FY 2026-2027 to FY 2030-2031
What was approved
The company informed the exchanges that members approved two items, among others, at the 27th Annual General Meeting held on Tuesday, 29th September, 2026.
- Change in status of Mr. Priyadarshi Pany from a Director not liable to retire by rotation to a Director liable to retire by rotation, effective immediately from 29 September 2026.
- Appointment of M/s. Bimal Pattanaik & Associates, Company Secretaries, as Secretarial Auditor for a term of five consecutive years, from FY 2026-2027 till FY 2030-2031.
About the director
Mr. Priyadarshi Pany is the Chairman, Managing Director and CEO and one of the Promoters, associated with the company since incorporation. His term as Managing Director runs from 01.08.2025 to 31.07.2030. He holds a bachelor's degree in engineering (mechanical) from Utkal University, is a founding member of the Confederation of Information Technology Enterprises (CITE), registered in 2006, and has approximately 28 years of experience in the IT and ITeS sector.
About the auditor firm
M/s. Bimal Pattanaik & Associates is a Company Secretaries firm based in Bhubaneswar, Odisha, led by CS Bimal Prasad Pattanaik. It provides services relating to company law, corporate compliance and secretarial matters.
What it means for investors
He continues in his executive role; the change means his directorship will now come up for shareholder re-appointment by rotation, which is a governance formality rather than a change in who runs the company. The secretarial auditor appointment is a routine statutory appointment made by shareholders.
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More numbers
- Secretarial Auditor termfive (5) consecutive years
- MD's experience in IT/ITeSapproximately 28 years
- AGM number27th Annual General Meeting
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