StockWatch
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Aluminium
Corporate Governance5 Sept 2026, 06:51 pm

Maitri Enterprises seeks approval for Director regularization

AI Summary

Maitri Enterprises Ltd's Board of Directors has approved the regularization of Mr. Bharat Ramjibhai Sisodia as a Non-Executive Independent Director for a term of five years, subject to shareholder approval at the upcoming 35th Annual General Meeting (AGM) on September 30, 2026. The board also approved related party transactions with Gayatri Infrastructure Limited up to ₹250 crore annually for three fiscal years, an additional limit for loans and investments, and the appointment of Nisarg Sharma & Associates as Secretarial Auditor for five years. A corporate guarantee of up to ₹40 crore for Gayatri Infrastructure's loan was also approved, pending member and financing terms finalization.

Key Highlights

  • Mr. Bharat Ramjibhai Sisodia's regularization as Independent Director proposed.
  • AGM scheduled for September 30, 2026, to approve director appointment.
  • Related party transactions with Gayatri Infrastructure approved.
  • Corporate guarantee for ₹40 crore approved for Gayatri Infrastructure.
  • Secretarial Auditor appointed for five years.