Northern Arc Capital Limited — Important, 20-12-2024: General Updates

Shareholders of Northern Arc Capital Limited approved crucial items during the 16th Annual General Meeting, including the appointment of M/s. Walker Chandiok & Co LLP as statutory auditors for a three-year term, effective from the conclusion of the meeting. This shift follows the completion of the tenure for previous auditors M/s. S.R. Batliboi & Associates LLP. Additionally, there was an alteration to the Articles of Association to allow shareholders the right to nominate directors based on specific shareholding thresholds, enhancing corporate governance. Dr. Kshama Fernandes’ continuation as non-executive Vice Chairperson was also approved, effective from April 1, 2024. These developments signal a commitment to strong oversight and may position the company well for future strategic decisions. Investors should watch closely for implementation outcomes.