Shareholders approve appointment of Mrs. Sarita Subhash Salunkhe as Non-Executive Non-Independent Director
AGM outcome: shareholders approved the appointment of Mrs. Sarita Subhash Salunkhe as a Non-Executive Non-Independent Director.
- Resolution
- Appointment of Mrs. Sarita Subhash Salunkhe as a Non-Executive Non-Independent Director, approved by ordinary resolution
- Meeting
- 34th AGM held on Wednesday, September 30, 2026
- DIN
- 11684409
- Date of Appointment
- August 14, 2026
- Relationship with Directors
- Mother of Mr. Ravi Salunkhe, Managing Director of the Company
Board change approved at the AGM
Shareholders of the company, at the 34th Annual General Meeting held on Wednesday, September 30, 2026, approved the appointment of Mrs. Sarita Subhash Salunkhe (DIN: 11684409) as a Non-Executive Non-Independent Director. The meeting was held at 04:00 P.M. (IST) through video conferencing or other audio-visual means, deemed to be held at the registered office, commenced at 04:00 P.M., concluded at 04:16 PM, and 15 minutes were given for e-voting.
The resolution approved was
- Item 1: to consider and approve the appointment of Mrs. Sarita Subhash Salunkhe (DIN: 11684409) as a Non-Executive Non-Independent Director of the Company, moved as an ordinary resolution.
What the annexure to the update sets out
- Reason for change: appointment of Mrs. Sarita Subhash Salunkhe (DIN: 11684409) as an Additional Non-Executive Director liable to retire by rotation subject to approval of shareholders of the company.
- Date of appointment shown: August 14, 2026.
- Profile: she has a broad understanding of general business and administrative matters, brings a responsible and diligent approach to her role, and is expected to contribute insights and guidance to the Company in the discharge of her responsibilities as a Non-Executive Director.
- Relationship with directors: she is the mother of Mr. Ravi Salunkhe, Managing Director of the Company.
- The update states she is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
How to read this
The resolution adds a board seat that is classified as non-executive and non-independent, held by a person related to the managing director. The resolution was placed before shareholders as an ordinary resolution, and the appointment is described as one where the director retires by rotation.
Retail investors reading this can note two things: the composition of the board has changed with this appointment, and the disclosure identifies the family relationship between the newly appointed director and the managing director.
More numbers
- Annual General Meeting number34th AGM
- Time given for e-voting after the meeting concluded15 minutes
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