Board Meeting2 Jun 2026, 04:21 pm
Shraddha Prime Projects Board Approves Director Appointments
AI Summary
Shraddha Prime Projects Ltd's Board of Directors met on June 2, 2026, approving key management changes. Mr. Vinay Madhukar Nayak's appointment as Non-Executive Non-Independent Director was confirmed, pending shareholder approval via postal ballot. Mr. Sudhir Balu Mehta was re-appointed as Managing Director for a five-year term from August 7, 2026, to August 6, 2031, also subject to shareholder approval. Mrs. Shivangi Datta was re-appointed as an Independent Director for a second five-year term, effective August 7, 2026, also requiring shareholder consent. The company also approved the draft postal ballot notice and appointed a scrutinizer and e-voting agency.
Key Highlights
- Confirmation of Mr. Vinay Nayak as Non-Executive Director.
- Re-appointment of Mr. Sudhir Mehta as MD for 5 years.
- Re-appointment of Mrs. Shivangi Datta as Independent Director.
- Shareholder approval sought via postal ballot and AGM.
- Appointment of scrutinizer and e-voting agency finalized.
Price Impact
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