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Lambodhara Textiles informs about outcome of board meeting

05 May 2023 Evaluate
Lambodhara Textiles has informed that the Board of Directors of the Company at its meeting held today, Friday the 5th day of May, 2023 has approved the following: Based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the members of the Company by means of a special resolution, the Board of Directors has approved the continuation of Directorship of Baba Chandrasekar Ramakrishnan (holding DIN: 00125662) as Non-Executive Non Independent Director beyond the age of 75 years. Further, Baba Chandrasekar Ramakrishnan is not debarred from holding the office of Director by virtue of any order of the SEBI or any other statutory authority under any laws. The disclosure pursuant to Regulation 30(6) of the Listing Regulations is enclosed herewith as Annexure' 2. The Board of Directors has decided to conduct postal ballot process to seek the approval of members for the continuation of Directorship of Baba Chandrasekar Ramakrishnan (holding DIN: 00125662) as Non-Executive Non Independent Director beyond the age of 75 years. Further, the Board of Directors has appointed M. D. Selvaraj, FCS, Managing Partner of MDS & Associates LLP, Company Secretaries. Coimbatore as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner and to ascertain the requisite majority. The Board Meeting commenced on 10.30 AM (IST) and concluded on 12.15 PM (IST).

The above information is a part of company’s filings submitted to BSE.

Lambodhara Textiles Share Price

106.50 0.50 (0.47%)
16-Apr-2026 13:36 View Price Chart
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