Ganesh Holdings Limited, a well-known name in corporate governance, has announced the outcome of its Board of Directors meeting held on December 24, 2024. The meeting, which took place from 3:00 PM to 3:35 PM, focused on crucial decisions related to the company’s leadership and corporate governance.

EGM Announcement for Managing Director’s Reappointment

The Board has approved the calling of an Extra-Ordinary General Meeting (EGM) scheduled for Thursday, January 16, 2025, at 10:00 AM. The primary agenda of the EGM is to seek approval from the shareholders for the reappointment of Smt. Lalitha Ranka as the Managing Director of Ganesh Holdings. Her new term will span 5 years, starting from November 1, 2024.

Smt. Ranka has played a pivotal role in the growth and management of the company, and her reappointment reflects the Board’s confidence in her leadership capabilities. The decision comes after a thorough evaluation of her tenure and the company’s future strategy under her guidance.

Appointment of Scrutinizer

In line with corporate governance practices and SEBI regulations, Pankaj S. Desai, the Company Secretary, has been appointed as the scrutinizer for the upcoming EGM. His role will ensure the transparency and fairness of the voting process, helping to uphold the integrity of shareholder approvals.

Other Matters Discussed

The meeting also addressed other routine matters with the permission of the chair. These include general business decisions, administrative updates, and internal procedures that support the company’s ongoing operations. The company remains committed to maintaining high standards of governance and communication with its stakeholders.

Commitment to Shareholders and Governance

The EGM on January 16, 2025, will provide an opportunity for shareholders to have a say in the company’s leadership and to ensure that Ganesh Holdings continues to function with a clear and effective governance structure. The company’s decision-making process is always in line with SEBI’s Listing Regulations and best practices in corporate governance.

Ganesh Holdings’ leadership under Smt. Lalitha Ranka is expected to guide the company through upcoming challenges, and the shareholder approval for her reappointment will be a significant step in the company’s ongoing growth and success.

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