
Corporate Governance19 Sept 2026, 08:20 pm
Pasari Spinning Mills Reappoints Independent Director for 5 Years
AI Summary
Pasari Spinning Mills Limited announced the re-appointment of Mr. Byadarahally Lakshmaiah Pundareeka as a Non-executive Independent Director for a second consecutive term. The shareholders approved this re-appointment at a meeting held on September 19, 2026. The new term will be for five years, effective from September 20, 2026, to September 19, 2031. The company confirmed that Mr. Pundareeka is not debarred from holding the office of director by any authority. He brings engineering experience and is the founder and Director of V.PRAM Power Company Private Limited.
Key Highlights
- Independent Director re-appointed for a second consecutive five-year term.
- Re-appointment effective from September 20, 2026, to September 19, 2031.
- Director confirmed not disqualified and has relevant experience.
- Shareholders approved the re-appointment based on committee recommendation.
Price Impact
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