AGM/EGM26 Aug 2026, 08:20 pm
Acknit Industries withdraws director re-appointment resolution due to demise
AI Summary
Acknit Industries Ltd has withdrawn a proposed resolution for the re-appointment of Mr. Shankar Lal Bajaj as an Independent Director. The resolution was slated for the 36th Annual General Meeting on September 16, 2026, for a second term commencing September 25, 2026. However, due to the unfortunate demise of Mr. Bajaj on August 21, 2026, the resolution has become infructuous and will not be put to vote. The company will take necessary consequential steps regarding the AGM notice and related documents.
Key Highlights
- Resolution for re-appointment of Independent Director withdrawn.
- Withdrawal is due to the director's demise.
- Resolution was for a second term starting September 25, 2026.
- AGM agenda will be updated; resolution not to be voted upon.
Price Impact
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