
Board Meeting3 Sept 2026, 07:41 pm
Accord Transformer Board Approves Annual Report, ESOP, Director Re-appointment
AI Summary
Accord Transformer & Switchgear Limited's Board of Directors met on September 3, 2026, approving the Directors' Report, Annual Report, and Notice for the 12th AGM. Key decisions include the re-appointment of Mrs. Shalini Singh as Whole Time Director and the implementation of the 'ATSL ESOP 2026' plan, subject to member approval. The board also approved an alteration in the IPO objects, reallocating ₹700 Lakhs from machinery purchase to building construction and plant capacity expansion. CDSL was appointed as the remote e-voting agency, and M/s. Anu Malhotra and Associates as the scrutinizer for the upcoming AGM.
Key Highlights
- Board approved Annual Report and Notice for the 12th AGM.
- Mrs. Shalini Singh re-appointed as Whole Time Director.
- Proposed 'ATSL ESOP 2026' for eligible employees.
- ₹700 Lakhs reallocated for plant expansion and building construction.
- CDSL appointed as e-voting agency for AGM.
Price Impact
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