Mtar Technologies Limited — Important, 13-02-2025: General Updates

The Board of Directors of MTAR Technologies has announced a board meeting to discuss a resolution for the appointment of Mr. Rohith Loka Reddy as a Non-Executive Director. The resolution will be voted on by shareholders through a postal ballot process. The cut-off date for eligible voters is set for February 14, 2025.

The postal ballot process is scheduled as follows: dispatch of the notice by February 17, 2025, with voting commencing on February 18 and ending on March 19, 2025. The resolution will be considered passed on March 19, 2025, and the results will be declared by the Chairman on the same day. This strategic move is aimed at strengthening the company's governance structure, which could positively influence shareholder confidence and the company's future direction.