StockWatch
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Non Banking Financial Company (NBFC)
AGM/EGM28 Sept 2026, 05:00 pm

Sulabh Engineers re-appoints Vimal Kumar Sharma as MD

AI Summary

Sulabh Engineers & Services Ltd announced the approval of Mr. Vimal Kumar Sharma's re-appointment as Managing Director during its 43rd Annual General Meeting held on September 28, 2026. The members also approved transactions with a subsidiary, aligning with corporate governance norms and enhancing operational flexibility. Mr. Sharma, with over 35 years of experience in securities and financial investments, has been serving as MD since October 13, 2020. The company also disclosed related party transaction details, including a ₹2 crore aggregate limit for FY 2026-27, subject to quarterly review by the Audit Committee.

Key Highlights

  • Mr. Vimal Kumar Sharma re-appointed as Managing Director.
  • AGM approved transactions with company subsidiary.
  • Related party transaction limit set at ₹2 crore for FY 2026-27.
  • Mr. Sharma brings over 35 years of financial market experience.
  • Approval aligns with corporate governance and transparency.