Shareholders approve re-appointment of Managing Director and Independent Director at 33rd AGM
At the 33rd AGM on 25 September 2026, members approved: Mr. Ajay Khanna re-appointed as Director (retiring by rotation) and as Managing Director for 5 years from 11 August 2026 to 10 August 2031.
By ScoutQuest · · 1 min read
- AGM Date
- 25 September 2026
- MD Re-appointment
- Mr. Ajay Khanna as Managing Director for 5 years from 11 August 2026 to 10 August 2031
- Independent Director Re-appointment
- Mrs. Chhavi Prabhakar as Non-Executive Independent Director for second term of 5 years from conclusion of AGM till 2031 AGM
- Meeting Mode
- Video conferencing
- Board Decision
- Board continuity maintained
What was approved
Shyam Telecom informed the exchanges that, at its 33rd Annual General Meeting held on 25 September 2026 at 01:00 p.m. through video conferencing, shareholders approved three board related resolutions recommended by the Nomination & Remuneration Committee and approved by the Board on 11 August 2026.
- Re-appointment of Mr. Ajay Khanna as Director, who retired by rotation and offered himself for re-appointment.
- Re-appointment of Mr. Ajay Khanna as Managing Director for a period of five (5) years, effective 11 August 2026 and running till 10 August 2031, liable to retire by rotation.
- Re-appointment of Mrs. Chhavi Prabhakar as a Non-Executive Independent Director for a second term of five (5) years, effective from the conclusion of the 33rd AGM and continuing until the conclusion of the AGM to be held in 2031, not liable to retire by rotation.
Context given
The update notes that Mr. Khanna's earlier tenure as Managing Director was to conclude on 10 May 2027, and the fresh term was approved under the proviso to Section 152(2). Mrs. Prabhakar's first term as Independent Director concluded at the end of this AGM, and the new approval gives her a second term.
What it means for investors
These are continuity decisions rather than new entrants to the board. The same Managing Director continues to lead the company for the next five years, and an existing Independent Director carries on for a second term. There is no change in the company's business operations disclosed in this intimation.
Also from Shyam Telecom
Board meeting on 29 October 2026 to consider and approve September quarter results
23 Oct 2026
More numbers
- Term of MD re-appointmentfive (5) years
- Term of Independent Director re-appointmentfive (5) years
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