Independent director re-appointed for a second term of five consecutive years

Shareholders at the 32nd Annual General Meeting held on Wednesday, 30th September 2026 approved the re-appointment of Mr. Manmohan Kumar Sardana as an Independent Director.

Fri 2 Oct 2026

AGM

32nd Annual General Meeting held on Wednesday, 30th September 2026

Re-appointment

Mr. Manmohan Kumar Sardana as an Independent Director

Term

a second term of five (5) consecutive years

Term Period

from the conclusion of the 32nd AGM till the conclusion of the 37th AGM, to be held in the calendar year 2031

DIN

09294639

What the company told the exchanges

The members of the company, at the 32nd Annual General Meeting held on Wednesday, 30th September 2026, re-appointed Mr. Manmohan Kumar Sardana (DIN: 09294639) as an Independent Director. This is the re-appointment for a second term.

• Term: five (5) consecutive years.
• Start: from the conclusion of the 32nd Annual General Meeting.
• End: till the conclusion of the 37th Annual General Meeting, to be held in the calendar year 2031.
• The decision was taken by the members, that is, by shareholder vote at the Annual General Meeting.

What an Independent Director is

An independent director is a board member who is not part of the company's promoter group or day-to-day management. Such directors are expected to bring an outside view to board decisions and to chair key committees such as audit and nomination and remuneration. Indian rules also require listed companies to have a certain proportion of independent directors and limit how long one person can continuously serve.

Why a second term is noteworthy

A first term for an independent director is normally for up to five years, and a second term requires fresh shareholder approval. Here the members have approved that second term, which means the same independent director continues on the board for another full five-year block, running until the 37th Annual General Meeting in the calendar year 2031. Continuity on the board can help preserve institutional memory in the boardroom.

How to read this as an investor

• This is a governance and board-composition disclosure. It is not a revenue, order-book, fund-raising or earnings announcement.
• No money, share capital, shareholding percentage or financial figure is involved in this re-appointment.
• The disclosure is an outcome of the Annual General Meeting, so it reflects a decision already taken by shareholders rather than a proposal awaiting approval.
• Because the term is a long one, the composition of the board's independent directors is likely to stay stable over the coming years.

What to look at next

Board composition updates are usually read alongside the company's other governance disclosures, such as committee constitution and the outcome of the Annual General Meeting as a whole, to see the full picture of who sits on the board and in which committees.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.