Management Change14 Aug 2026, 05:29 pm
Prime Property Development Corp Ltd: Re-appoints Two Whole-Time Directors
AI Summary
Prime Property Development Corporation Ltd announced the re-appointment of Mr. Manish P. Soni and Mr. Vishal P. Soni as Whole-Time Directors for a five-year term, effective August 1, 2026, to July 31, 2031. Their remuneration will be ₹3,00,000 per month for the first three years, subject to shareholder approval. The board also approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report, notice of the 34th Annual General Meeting, Directors' Report, Corporate Governance Report, and Management Discussion and Analysis Report. Book closure dates, record dates, and e-voting facilities for the AGM were also approved.
Key Highlights
- Two Whole-Time Directors re-appointed for five-year terms.
- Remuneration approved at ₹3,00,000/month for initial three years.
- Unaudited financial results for Q1 FY27 approved.
- AGM details including book closure and e-voting approved.
- Appointment of scrutinizer for the upcoming AGM approved.
Price Impact
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