Management Change25 Aug 2026, 04:14 pm
New Markets Avenue Appoints Himanshu Khatri as Independent Director
AI Summary
New Markets Avenue Limited announced the appointment of Mr. Himanshu Khatri as an Additional Non-Executive Independent Director for a term of 5 years, subject to shareholder approval. The Board of Directors also approved the appointment of M/s. Ramesh Chandra Bagdi & Associates as Secretarial Auditor for five years, commencing FY 2026-2027. Additionally, the company authorized Mr. Kishore Kanhiyalal Jain to negotiate software license purchases and explore other acquisition opportunities. The Board also approved the notice for the 44th Annual General Meeting, the Directors' Report for FY 2026, and the e-voting facility for the AGM.
Key Highlights
- Himanshu Khatri appointed as Additional Non-Executive Independent Director.
- Appointment is for a term of 5 years, pending shareholder approval.
- Secretarial Auditor appointed for a 5-year term from FY 2026-2027.
- Board approved notice for 44th Annual General Meeting.
- Exploration of software license acquisition opportunities authorized.
Price Impact
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