Ashiana Housing Limited Regularizes Independent Director Appointment at EGM
Ashiana Housing Limited announced that its members approved the regularization of the appointment of Mr. Vikas Choudhury as an Independent Director at an Extraordinary General Meeting (EGM) held on April 22, 2026.The EGM was convened for the Financial Year 2026-27. The meeting commenced at 11:30 AM and concluded at 12:10 P.M. During the meeting, shareholders approved the regularization of Mr. Vikas Choudhury's position as Independent Director and sanctioned the payment of remuneration to him.
Mr. Vikas Choudhury had initially been appointed as a Non-Executive Additional Director (Independent Director) by the Board of Directors on February 10, 2026.
The shareholder resolution established the following terms for his regularized appointment:
| Detail | Information |
|---|---|
| Director Name | Mr. Vikas Choudhury (DIN: 00267030) |
| Appointment Status | Independent Director |
| Shareholder Approval | Regularization of Appointment |
| Effective Term | Three years from the date of the EGM, or up to the date of the third Annual General Meeting, whichever is earlier. |
| Annual Remuneration | INR 8 lakhs per annum |
Mr. Choudhury is the Founder & Managing Partner of Playbook Partners, an Operator Driven Growth Capital Platform for Digital Transformation in India. His extensive background includes serving as President at Reliance Jio, India's largest conglomerate's digital platform business, and previously holding the CEO India and Global Leadership role at Aimia Inc. He also helped build a joint venture with the Tata group and subsequently sold the e-commerce business to Reliance Retail. Mr. Choudhury is the Founder of Pivot Ventures, one of India's top family offices in venture capital, and has invested in over 75 companies, including prominent names such as InMobi, Myntra, and Fractal. He holds an MBA from Harvard Business School.
The company confirmed that Mr. Vikas Choudhury is not related to any of the existing Directors on the Board of Directors.
ASHIANA Stock Price Movement
Today, Ashiana Housing Limited shares edged higher to close at ₹341.1, marking a gain of 1.69% or ₹5.65 for the day. The stock saw substantial interest, with traders moving a total volume of 91,612 shares in activity today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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