Board Meeting5 Feb 2026, 03:44 pm
KSIDC's Nominee Director Appointment Pending at Cochin Minerals & Rutiles Ltd.
AI Summary
Cochin Minerals & Rutiles Ltd. announced that the nomination of Shri Rajesh Jacob as new Nominee Director by Kerala State Industrial Development Corporation (KSIDC) is pending due to Mr. Jacob's inability to furnish his consent, which is a statutory requirement. The company has informed KSIDC but has not received further information, hence the Board could not proceed with the appointment.
Key Highlights
- KSIDC nominated Shri Rajesh Jacob as new Nominee Director at Cochin Minerals & Rutiles Ltd.
- Mr. Rajesh Jacob has certain constraints to act as a Director and has not furnished his consent.
- The company has informed KSIDC about the situation.
- KSIDC has not provided further information.
- The Board could not proceed with the appointment due to the lack of consent from Mr. Rajesh Jacob.
Price Impact
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