Octaware Technologies Board Approves Office Relocation, Notes Internal Auditor Resignation
Octaware Technologies Ltd., in a meeting of its Board of Directors held on July 15, 2026, approved several key operational and governance matters. The decisions include the potential relocation of the company's registered office and addressing the resignation of an internal auditor.Among the key resolutions passed by the Board was the consideration and approval that the Registered Office of the Company could be shifted from Maharashtra to Uttar Pradesh, subject to the subsequent approval of the shareholders.
Auditor Resignation Details
The Board also took note of the resignation of Ms. Rashmi Rajesh Chalke as an Internal Auditor for the Financial Year 2026-27, effective from June 18, 2026. The resignation was tendered by Ms. Chalke in her letter dated July 15, 2026, citing personal reasons.The details pertaining to this event are as follows:
| Sr. No. | Event Details | Information Provided |
|---|---|---|
| 1 | Reason for change (resignation) | Ms. Rashmi Rajesh Chalke tendered her resignation due to a personal reason. |
| 2 | Date of cessation & term | Cessation effective from June 18, 2026. |
| 3 | Profile/Relationship disclosure | NA |
Governance and Voting Processes
In addition to the auditor's matter, the Board meeting addressed critical aspects of corporate governance. The notice of Postal Ballot was considered and approved by the directors. This document is slated for submission to the Stock Exchange and will be hosted on the company’s website.The Board also finalized the appointment of Mr. Hitesh Jhamb of M/s. Jhamb & Associates, a Practicing Company Secretary, to serve as the Scrutinizer responsible for conducting and scrutinizing the postal ballot and e-voting processes, ensuring transparency in the electoral procedure. The meeting commenced at 04:00 P.M. and concluded at 04:30 P.M.
Stock Price Movement
At the close of trade on Tuesday, shares of Octaware Technologies Ltd settled at ₹63.60, registering zero percent change for the day. The stock experienced a completely locked trading session, with both the intraday high and low remaining fixed at ₹63.60.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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