Board Meeting29 Jun 2026, 11:49 am
Smiths & Founders Board Approves CMD Term Extension, MOA Alteration
AI Summary
Smiths & Founders (India) Ltd announced that its Board of Directors, in a meeting held on June 29, 2026, approved the continuation of Mr. Suresh Shastry's term as Chairman and Managing Director upon his attaining the age of 70, subject to shareholder approval. The board also approved the alteration of the Memorandum of Association to include a new sub-clause for corporate restructuring. Additionally, the 35th Annual General Meeting is scheduled for July 24, 2026, to be held via video conferencing.
Key Highlights
- CMD Suresh Shastry's term extension approved, pending shareholder nod.
- Memorandum of Association to be altered for corporate restructuring.
- 35th AGM scheduled for July 24, 2026, via video conferencing.
- Mr. Shastry has over 46 years of experience in the forging industry.
- Significant shareholding of 2,92,06,953 shares as of March 31, 2026.
Price Impact
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