Nature of the Event

This is a regulatory disclosure intimation under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015. The document serves to inform about the outcome of a shareholder vote on the reappointment of an independent director.

Key Quantitative Figures and Dates

  • Event Date: The 39th Annual General Meeting (AGM) was held on Friday, 3rd July 2026.
  • Meeting Timing: The AGM commenced at 11:00 A.M. IST and concluded at 11:57 A.M. IST.
  • Mode of Meeting: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
  • Director DIN: 09420865 (Mr. Cyrus Poonevala).
  • Term of Appointment: A second term of five years.
  • Effective Date: The reappointment is effective from 15th January 2027.

Parties Involved

  • Appointee: Mr. Cyrus Poonevala, reappointed as an Independent Director.
  • Regulator: The disclosure is made to BSE Limited and is pursuant to SEBI LODR Regulations.

Purpose and Rationale

The purpose of the disclosure is to intimate the stock exchange of the confirmation of Mr. Cyrus Poonevala's reappointment as an Independent Director by the company's shareholders.

Director Profile and Disclosures (From Annexure A)

  • Brief Profile: Mr. Cyrus Poonevala is described as an experienced Aircraft Engineer with over 30 years of experience in the aviation industry, with a specific focus on maintenance. His experience is stated to enable him to provide balanced guidance and contribute to the Board in matters relating to operations, risk oversight, and governance.
  • Relationship Disclosure: Mr. Poonevala is not related to any of the other directors of the company.
  • Debarment Status: He is not debarred from holding the office of director by virtue of any SEBI Order or any other authority.

Financial and Operational Impact

No financial or operational impact is quantified or mentioned in the disclosure. The event is a governance-related action concerning board composition.

#Tags: #SunshieldChemicals #SEBILODR #RegulatoryCompliance #CorporateGovernance #ManagementChange #Neutral