Management Change3 Aug 2026, 06:10 pm
ITCONS E-Solutions Ltd: Directorate Changes Approved
AI Summary
ITCONS E-Solutions Ltd announced significant changes in its directorate, approved by shareholders via postal ballot on August 01, 2026. Key changes include the elevation of Mr. Adit Mittal from Non-Executive Director to Executive Director for a five-year term, effective May 26, 2026. Additionally, Mrs. Nikky Gupta has been re-appointed as an Independent Director for a five-year term, effective August 06, 2026. The shareholders also approved revisions to the remuneration of Mr. Gaurav Mittal (Managing Director & CEO), and increased limits for loans, guarantees, investments, and borrowings under relevant sections of the Companies Act, 2013.
Key Highlights
- Mr. Adit Mittal appointed Executive Director for 5 years.
- Mrs. Nikky Gupta re-appointed Independent Director for 5 years.
- Remuneration of MD & CEO revised.
- Limits for loans, investments, and borrowings increased.
- Shareholders approved directorate and financial limit changes.
Price Impact
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