Shareholders Approve Continuation of Independent Director's Tenure at Madhya Bharat Agro Products Limited
Madhya Bharat Agro Products Limited has announced that shareholders approved a resolution at its 29th Annual General Meeting regarding the continuation of Shri Paras Mal Surana’s directorship. The approval concerns his tenure as a Non-Executive Independent Director, allowing him to serve past the age of 75 years.The decision follows a recommendation by the Nomination and Remuneration Committee, ensuring continuity in independent governance as the company approaches this milestone.
Shri Paras Mal Surana is set to reach the age of 75 years on July 8, 2027. The shareholders approved the continuation of his directorship effective from that date.
As per the disclosures, Mr. Surana possesses significant experience and expertise. He has held the position of Non-Executive Independent Director and is noted for having 47 years of experience in general insurance marketing. His background includes a Bachelor in Science degree from Rajasthan University.
The company confirmed that Mr. Paras Mal Surana is not related to any of the other Directors of the Company, ensuring his professional independence. Furthermore, he holds no restrictions regarding holding the office of Director by virtue of any SEBI Order or other such Authority.
Key details regarding the director and the approved tenure are presented in the table below:
| Particulars | Details |
|---|---|
| Director Name | Mr. Paras Mal Surana |
| Role | Non-Executive Independent Director |
| Age | 73 years |
| Experience | 47 years in general insurance marketing |
| Key Milestone | Continuation of Directorship w.e.f. July 8, 2027, upon attaining the age of 75 years |
| Relationship Status | Not a relative of any Company Director |
MBAPL Stock Price Movement
As of 12:31 PM, shares of Madhya Bharat Agro Products Limited are edging higher to ₹566.85 today, reflecting a robust 2.98% gain on the live market floor. The stock is trading within a wide intraday range between the low of ₹548.00 and the high of ₹571.95, with 75,070 shares recorded in circulation.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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