Alicon Castalloy Limited — Others, 03-12-2024: Shareholders meeting

Alicon Castalloy Ltd has announced a board meeting regarding a postal ballot to seek approval from shareholders for the appointment of two new Non-Executive Independent Directors: Ms. Bijal T. Ajinkya and Mr. Ajay S. Patil, each for a five-year term. Their respective expertise in areas such as taxation and corporate finance is expected to enhance governance and strategic oversight within the company. The election process will take place via remote e-voting starting December 5, 2024, and concluding on January 4, 2025. This move reflects a commitment to strengthening the board's composition, which could foster a positive outlook among investors.