Balurghat Technologies reappoints Manik Chand Tater as independent director
- Balurghat Technologies approved the re-appointment of Manik Chand Tater as Non-Executive Independent Director
- New term spans five years from November 22, 2026, to November 21, 2031
- Approval subject to members' special resolution via remote e-voting ending November 14, 2026
- CDSL appointed as e-voting service provider; Udit Agarwal appointed as Scrutinizer
*this image is generated using AI for illustrative purposes only.
Balurghat Technologies Limited's Board of Directors approved the re-appointment of Manik Chand Tater as a Non-Executive Independent Director for a second consecutive term. The proposal, recommended by the Nomination and Remuneration Committee, is subject to approval by members through a special resolution.
The new term will span five years, commencing on November 22, 2026, and concluding on November 21, 2031. Mr. Tater is not liable to retire by rotation during this period. His continued association is expected to strengthen independent oversight and contribute to the company's long-term growth and governance standards.
Voting process and timeline
To seek member approval, the Board approved the Postal Ballot Notice and authorized remote e-voting. The cut-off date for determining eligible members was fixed as October 9, 2026. Remote e-voting commenced on October 16, 2026, at 9:00 am and will conclude on November 14, 2026, at 5:00 pm.
Central Depository Services (India) Limited (CDSL) has been appointed as the e-voting service provider. Udit Agarwal, an Advocate associated with Kamalia Associates, will act as the Scrutinizer to ensure the process is conducted fairly and transparently.
Director profile and other interests
Mr. Tater holds a Bachelor's Degree in Commerce (B.Com.) and possesses extensive experience in business management, administration, and corporate affairs. He has served as a Non-Executive Independent Director at Balurghat Technologies since November 23, 2021, contributing to the functioning of the Board and its committees, including the Nomination and Remuneration Committee and the Stakeholders Relationship Committee.
The following table outlines key details regarding his re-appointment and professional background:
| Particulars | Details |
|---|---|
| Name | Manik Chand Tater |
| DIN | 01096517 |
| Term | 5 years (Nov 22, 2026 to Nov 21, 2031) |
| Other Directorships | Charchco Electronics (India) Private Limited; Cleantek Energy Private Limited |
| Committee Memberships | None in other companies |
| Relationship | Not related to any Director or KMP of the company |
| Debarment Status | Not debarred by SEBI or any other authority |
The Board meeting was held on October 14, 2026, from 5:00 pm to 6:40 pm. The company confirmed that Mr. Tater is not related to any other director or Key Managerial Personnel of the company and is not debarred from holding the office of director by virtue of any SEBI order or other authority.
Historical Stock Returns for Balurghat Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.42% | -19.13% | +5.89% | -11.57% | -24.79% | +38.80% |
How might the extended five-year tenure of Manik Chand Tater influence Balurghat Technologies' strategic direction and risk management protocols through 2031?
What impact could Mr. Tater's concurrent directorships at Charchco Electronics and Cleantek Energy have on potential synergies or conflicts of interest for Balurghat Technologies?
How will the outcome of the postal ballot voting process reflect shareholder confidence in the current board composition and governance standards?
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