Centum Electronics Limited — Others, 13-12-2024: Shareholders meeting

Centum Electronics Limited has announced a board meeting to seek shareholder approval via postal ballot for key resolutions. These include re-appointing Ms. V Kavitha Dutt as an Independent Director for a five-year term starting March 25, 2025, and Mr. Nikhil Mallavarapu as Whole Time Director for another five years from February 13, 2025. Additionally, the company plans to raise up to ₹250 crore through a preferential allotment or private placements, aimed at financing business growth and improving working capital. This fundraising can provide the company with necessary resources for its expansion, potentially improving investor sentiment positively. The e-voting period is set to start on December 16, 2024, and conclude on January 14, 2025.