InfoBeans Technologies Limited's Board of Directors held a meeting on April 17th, 2026, to approve the draft notice of postal ballot for obtaining shareholder approval regarding the re-appointment of Mr. Siddharth Sethi as Managing Director. The meeting, conducted from 2:00 PM to 2:15 PM, focused on crucial corporate governance matters related to executive leadership continuity.

Board Meeting Details

The board approved the postal ballot notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting outcome was communicated to both the National Stock Exchange of India Limited and BSE Limited, with Company Secretary and Compliance Officer Surbhi Jain signing the official communication.

Key Resolution and Executive Details

The board approved the re-appointment of Mr. Siddharth Sethi (DIN: 01548305) as Managing Director for a further period of 5 consecutive years, commencing from February 20, 2026 till February 19, 2031. The resolution requires shareholder consent through a special resolution via postal ballot.

E-Voting Schedule and Process

The Company has engaged Central Depository Services (India) Limited (CDSL) as the agency for providing e-voting facility. Only members as on the cut-off date of April 10, 2026 are entitled to vote. The postal ballot notice is being sent only in electronic form to members whose email addresses are registered with the Company or Depositories.

Scrutinizer Appointment

Pursuant to Rule 22(5) of The Companies (Management and Administration) Rules, 2014, the Board appointed CS Manish Maheshwari (Membership No.: 5174, COP No. 3860), Proprietor of M/s M. Maheshwari & Associates, as Scrutinizer for conducting the Postal Ballot through e-voting process in a fair and transparent manner.

Remuneration Terms

The remuneration payable to Mr. Siddharth Sethi includes a gross salary of up to ₹ 800,000 per month, annual bonus/commission based on net profits without any maximum limit, and perquisites including medical benefits, provident fund, gratuity, and reimbursement of business expenses. The terms are within the limits prescribed in the Companies Act, 2013 and approved by the Nomination and Remuneration Committee.

This development indicates InfoBeans Technologies' commitment to maintaining proper corporate governance standards while ensuring continuity in its executive leadership structure through the appropriate shareholder approval process.

InfoBeans Technologies Ltd has announced a board meeting scheduled for April 28, 2026, to deliberate on several critical corporate matters including quarterly financial results and dividend considerations. The announcement was made on April 16, 2026, in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Schedule and Format

The board meeting is scheduled to be conducted through video conferencing on Tuesday, April 28, 2026, commencing at 09:00 a.m. This virtual format ensures participation of all board members while maintaining operational efficiency.

Key Agenda Items

The board meeting will address three primary agenda items of significant importance to stakeholders:

Financial Results Review

The primary focus of the meeting will be the consideration of audited standalone and consolidated financial results for the fourth quarter and the complete financial year ended March 31, 2026. The board will review comprehensive financial performance metrics and approve the audited statements for disclosure to stakeholders.

ESOP and Dividend Matters

The meeting agenda includes the allotment of equity shares upon exercise of Employee Stock Option Plans, reflecting the company's commitment to employee participation in organizational growth. Additionally, the board will deliberate on recommending a final dividend for equity shareholders for the financial year ended March 31, 2026.

Regulatory Compliance

The announcement was signed by Company Secretary & Compliance Officer Surbhi Jain, ensuring adherence to regulatory requirements. The notification was simultaneously sent to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with all relevant stock exchanges where the company's shares are listed.