Vindhya Telelinks has informed that the Company has received a notice u/s 160 of the Companies Act, 2013 (the Act) dated 24th July, 2023 from a member, The Punjab Produce & Trading Co proposing the candidature of Dr. Dhanpat Ram Agarwal (DIN: 00322861) for appointment as a Director on the Board of the Company at the forthcoming 40th AGM of the Company. Accordingly, an additional Item No. 5 has been added in the aforesaid AGM Notice forming a part of Special Business to be transacted at the forthcoming 40th AGM of the Company and the addendum shall be deemed to be an integral part of the original Notice dated 18th May, 2023 together with notes and statements contained therein. Upon perusal of the said notice as received u/s 160 of the Act and after careful evaluation of the proposal, the Nomination and Remuneration Committee as well as the Board of Directors of the Company in their respective meeting(s) held on 12th August, 2023 have strongly recommended ‘against’ the appointment of Dhanpat Ram Agarwal as a Director of the Company. It also enclosed Addendum to the Notice of the 40th AGM of the Members of the Company to be held on Monday, the 11th September, 2023 at 2.30 PM at the Registered Office of the Company at Udyog Vihar, P.O. Chorhata, Rewa - 486 006 (M.P.). The Addendum to the Notice of 40th AGM will also be available on the website of the Company at www.vtlrewa.com.
The above information is a part of company’s filings submitted to BSE.