Somi Conveyor Beltings Limited Re-appoints Santosh Kumar Joshi as Independent Director for Second Term
Somi Conveyor Beltings Limited announced the re-appointment of Mr. Santosh Kumar Joshi as a Non-executive Independent Director for a second consecutive term. The decision was taken during the Board Meeting held on April 8, 2026.The appointment is for a duration of five consecutive years, effective from February 22, 2026. The continuation of Mr. Joshi’s role is subject to the necessary approval of the company members by way of a Special Resolution to be passed at the Extra Ordinary General Meeting scheduled for May 6, 2026.
Mr. Joshi, aged 52, brings extensive experience to the role. He holds a Master of Commerce (M.Com) and a Bachelor of Education (B.Ed) in Economics. He is noted to be a Commerce postgraduate with over 31 years of experience in accountancy and economics.
In terms of compliance and relationships, the company confirmed that Mr. Joshi is not related to any other Directors and Key Managerial Personnel of the Company. Furthermore, he is confirmed not to be debarred from holding the office of Director by any order passed by SEBI or any other authority.
The key details regarding the re-appointment of Mr. Santosh Kumar Joshi are summarized below:
| Disclosure Requirement | Details (Mr. Santosh Kumar Joshi) |
|---|---|
| Reason for Change | Re-appointment as Non-Executive Independent Director for the Second Term of 5 years, approved at the Board Meeting on April 8, 2026, subject to Special Resolution at the EGM on May 6, 2026. |
| Date & Term of Appointment | Effective from February 22, 2026. Term of Appointment is 5 Years. |
| Brief Profile | Aged 52 years. Holds M.Com and B.Ed in Economics. Over 31 years of experience in accountancy and economics. |
| Relationship Disclosure | Not related to any other Directors and Key Managerial Personnel of the Company. |
| Debarment Status | Not debarred from holding the office of Director by any order passed by SEBI or any other authority. |
SOMICONVEY Stock Price Movement
On Friday, Somi Conveyor Beltings Limited shares gained 0.80% to settle at ₹114.13. The stock traded on a volume of 8,658 shares, marking an upward day and finishing above its earlier ₹113.10 previous close.Source:
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