Meta Infotech Director Resigns, New Independent Director Appointed
Meta Infotech Ltd announced a change in its board composition. Mr. Ashish Bakliwal has resigned as an Independent Director, effective August 13, 2026, citing pre-occupancy and increased professional commitments. Concurrently, the company has appointed Mr. Manohar Duvvuri as an Additional Director, designated as Non-Executive Independent Director, for a five-year term commencing August 13, 2026. The board also approved the reconstitution of various committees, the Board's Report for FY 2025-2026, and the notice for the 28th Annual General Meeting. Additionally, an extension for the utilization of unutilized IPO proceeds until March 31, 2027, and in-principle approval for an ESOP Scheme 2026 were noted.
Key Highlights
- Independent Director Mr. Ashish Bakliwal resigns effective August 13, 2026.
- Mr. Manohar Duvvuri appointed as Non-Executive Independent Director.
- New director's term is five years, effective August 13, 2026.
- Board reconstituted committees and approved FY26 report.
- ESOP Scheme 2026 receives in-principle approval.
Price Impact
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