Standard Capital Markets: Mr. Krishnan's MD Appointment Ineffective

Standard Capital Markets Ltd announced that the appointment of Mr. Krishnan as Managing Director and his re-designation from Executive Director has not become effective. This is due to a technical glitch in the electronic voting facility during the 39th Annual General Meeting on September 29, 2026, which prevented shareholders from casting their votes on the agenda item. Consequently, the requisite shareholder approval was not obtained. The Board of Directors will reconsider the matter and place the proposal for Mr. Krishnan's appointment/re-designation before shareholders at the next General Meeting. Until then, Mr. Krishnan continues as Executive Director.