SKP Bearing Industries Limited to hold EGM, seeking approval for appointment and continuation of Director Gautam Ganguli
SKP Bearing Industries Limited, formerly known as SKP Bearing Industries Pvt. Ltd., has announced an Extraordinary General Meeting (EGM) scheduled for Tuesday, June 30, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means (VC/OAVM).The EGM is set to address the appointment of Mr. Gautam Ganguli as a Non-Executive Independent Director and seek shareholder approval for his continuation in this role until March 31, 2031.
As specified by the Board of Directors, Mr. Gautam Ganguli was appointed as an Additional Director in the category of Non-Executive Independent Director effective April 1, 2026. The meeting aims to ratify his appointment and grant him a five year term, not liable to retire by rotation.
Mr. Ganguli, who is 73 years old at the time of the notice, has been inducted as a member and Chairman of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee of the Company since April 1, 2026.
The company found that Mr. Ganguli meets all necessary criteria for the appointment of an Independent Director under the applicable statutes and regulatory requirements. His qualifications include being a Chartered Accountant and a Company Secretary with extensive experience in corporate governance and finance across multiple listed companies.
Appointment Details of Independent Director
The following table summarizes the key details regarding the proposed director:| Detail | Information |
|---|---|
| Name | Mr. Gautam Ganguli |
| Director Identification Number (DIN) | 00871416 |
| Date of First Appointment | April 1, 2026 (as Additional Non-Executive Independent Director) |
| Proposed Term | Five consecutive years until March 31, 2031 |
| Key Roles in the Company | Member and Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee |
| Prior Directorships | Spice Dream Private Limited; Gyron Consultancy Services Private Limited |
E-Voting Facility and Timeline
Shareholders are provided the facility to cast their votes through remote e-voting prior to the meeting, as well as during the EGM. The cut off date for determining eligibility for voting is June 23, 2026.The remote e-voting period has been scheduled as follows:
| Event | Date and Time (IST) |
|---|---|
| Remote E-Voting Commencement | Friday, June 26, 2026 at 9:00 a.m. |
| End of Remote E-Voting | Monday, June 29, 2026 at 5:00 p.m. |
The company’s Board views the appointment and continued association of Mr. Ganguli as beneficial to the Company in terms of his expertise and integrity.
Members who attend the meeting via VC/OAVM will be counted towards the quorum, following relevant provisions of the Companies Act.
SKP Stock Price Movement
Shares of SKP Bearing Industries Limited today slipped by 1.50% to settle at ₹147.50. The stock saw a loss of ₹2.25 during trading, with a recorded volume of 6,000 shares.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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