
Board Meeting19 Aug 2026, 03:16 pm
Safa Systems Re-appoints Two Independent Directors
AI Summary
Safa Systems & Technologies Ltd announced the re-appointment of Mr. Bengolan Anilkumar and Mr. Sankarnarayanan Nair Sreejith as Independent Directors. This decision was made during a Board of Directors meeting held on August 19, 2026. The re-appointments are subject to shareholder approval at the upcoming 5th Annual General Meeting (AGM) scheduled for September 11, 2026. The meeting also approved the notice for the AGM, the Director's Report for FY26, and several other key corporate actions including a potential shift of the registered office, borrowing limits, and a preferential issue of equity shares.
Key Highlights
- Two independent directors re-appointed by the board.
- Re-appointments require shareholder approval at the upcoming AGM.
- Board also approved preferential issue of equity shares.
- Registered office relocation to Delhi is under consideration.
- Borrowing limits and managerial remuneration adjustments were approved.
Price Impact
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