Futuristic Solutions Ltd Board Approves Committee Restructuring, Sets AGM Details
The Board of Directors meeting held on July 20, 2026, at Futuristic Solutions Ltd concluded with several key decisions regarding the company’s governance structure and future general meetings. The board reviewed operational reports, approved significant personnel changes, and laid out logistics for the upcoming Annual General Meeting (AGM).The board accepted the resignation of Mr. Abhishek Kaushal from his post as Independent Director, effective July 15, 2026. In response, the company approved the appointment of Mr. Parmjit Singh to serve as an Independent Director.
Following these changes, the board formally reconstituted its key committees: the Audit Committee, the Nomination and Remuneration Committee (NRC), and the Stakeholders' Relationship Committee (SRC). These bodies were structured with immediate effect.
The revised composition of all three committees includes Mr. Sunil Gupta, who serves as Chairperson in each committee, alongside Mr. Parmjit Singh and Mrs. Akriti Kaur Malhotra.
The structure of the boards is detailed below:
| Committee | Chairperson | Members |
|---|---|---|
| Audit Committee | Mr. Sunil Gupta (Independent Director) | Mr. Parmjit Singh (Independent Director), Mrs. Akriti Kaur Malhotra (Independent Director) |
| Nomination and Remuneration Committee | Mr. Sunil Gupta (Independent Director) | Mr. Parmjit Singh (Independent Director), Mrs. Akriti Kaur Malhotra (Independent Director) |
| Stakeholders Relationship Committee | Mr. Sunil Gupta (Independent Director) | Mr. Parmjit Singh (Independent Director), Mrs. Akriti Kaur Malhotra (Independent Director) |
AGM Logistics and Financial Approvals
The Board approved the Draft Directors' Report, Management Discussion and Analysis, and Corporate Governance Report for the financial year ending March 31, 2026.In preparation for its 43rd Annual General Meeting (AGM), which is scheduled for Thursday, August 20, 2026, the board established specific logistical details. The Register of Members and Share Transfer Books will remain closed from August 14, 2026, through August 20, 2026, to facilitate the AGM.
The cut-off date for e-Voting was set as August 13, 2026. Central Depository Services India Limited (CDSL) was approved to enable the e-Voting platform for members. Furthermore, Rajesh Kumar & associates were approved to serve as Scrutinizer for the remote e-Voting process conducted during the AGM.
The board also considered and endorsed the Audited Financial Statements for the year ended March 31, 2026. M/s Mahesh Yadav & associates, Chartered Accountants, continue in their capacity as the Statutory Auditors of the Company.
The Board meeting commenced at 12:00 P.M. and concluded at 12:35 P.M.
Stock Price Movement
As of 11:26, Futuristic Solutions Ltd is ticking up to ₹43.20, marking a 4.98% gain over the previous close. The shares are locked as they trade completely flat, holding steady at the intraday high and low of ₹43.20.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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