Management Change4 Sept 2026, 05:00 pm
Srestha Finvest: Mrs. Sitaben Patel Reappointed Independent Director
AI Summary
Srestha Finvest Ltd announced the reappointment of Mrs. Sitaben S Patel as a Non-Executive Independent Director for a second term of 5 years. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company confirmed that Mrs. Patel has not been debarred from holding a director's office by any authority. Additionally, the board approved a proposal for material related party transactions, also requiring shareholder consent at the AGM. The board meeting where these decisions were made commenced at 3:30 PM and concluded at 4:30 PM on September 4, 2026.
Key Highlights
- Mrs. Sitaben S Patel reappointed as Non-Executive Independent Director.
- Reappointment is for a second term of 5 consecutive years.
- Shareholder approval required at the ensuing AGM.
- Company confirms director is not debarred by any authority.
- Material related party transactions also require shareholder approval.
Price Impact
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