Saven Technologies Limited's independent directors held their statutory meeting on March 24, 2026, conducting comprehensive assessments of board governance and operational effectiveness. The meeting addressed critical governance parameters as part of the company's regulatory compliance framework.

Key Meeting Outcomes

The independent directors' meeting covered three primary areas of assessment, each focusing on different aspects of corporate governance and board effectiveness.

Board Performance Evaluation

The independent directors conducted a thorough review of the performance of non-independent directors and assessed the Board of Directors' collective effectiveness. This evaluation process forms a crucial component of the company's governance framework, ensuring accountability and performance standards across all board members.

Chairperson Performance Assessment

The meeting included a comprehensive review of the chairperson's performance, incorporating perspectives from both executive directors and non-executive directors. This multi-dimensional assessment approach ensures a balanced evaluation of leadership effectiveness at the board level.

Information Flow Assessment

The independent directors evaluated the quality, quantity, and timeliness of information flow between the company's management and the Board of Directors. This assessment ensures that board members receive adequate and timely information necessary for effective decision-making and reasonable performance of their fiduciary duties.

Regulatory Compliance

The meeting was conducted in accordance with regulatory requirements, with Company Secretary Vasista Raghava Padmannagari overseeing the proceedings. The outcomes have been formally communicated to BSE Limited as part of the company's transparency and disclosure obligations.

Saven Technologies Limited's Board of Directors convened on March 24, 2026, to address key governance matters including performance incentive approval and postal ballot result acknowledgment. The meeting, which commenced at 9:30 AM and concluded at 10:04 AM, transacted significant business related to executive compensation and regulatory compliance.

Performance Incentive Approval

The Board approved a substantial performance incentive for the company's leadership team. Based on recommendations from the Nomination and Remuneration Committee, the Board sanctioned a performance incentive payment to Mr. Murty Gudipati, Managing Director & CEO, for exceptional performance during the financial year.

Postal Ballot Results Acknowledgment

The Board formally noted the successful completion of the postal ballot process and scrutinizer's report regarding remuneration approval for Chairman Mr. Rajagopal Ravi. The postal ballot, which concluded on March 22, 2026, received overwhelming shareholder support with 99.99% votes in favour of the special resolution.

Comprehensive Voting Framework

The postal ballot was conducted under stringent regulatory compliance, following Section 110 read with Section 108 of the Companies Act, 2013. The process adhered to MCA General Circular No. 03/2025 and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133, ensuring transparent electronic voting procedures. Central Depository Services (India) Limited provided the remote e-voting infrastructure, with Mr. Manish Kumar Singhania from MKS & Associates serving as the appointed scrutinizer.

Independent Directors Meeting

Concurrently, the Independent Directors conducted their separate meeting on March 24, 2026, fulfilling governance obligations under listing regulations. The independent directors reviewed the performance of non-independent directors, the Board as a whole, and the Chairman's performance. They also assessed the quality and timeliness of information flow between management and the Board, ensuring effective governance oversight and regulatory compliance.