NewsStocksAlexander Stamps and Coin Limited Rectifies Board Meeting Outcome, Clarifies Director ReappointmentAlexander Stamps and Coin Limited Rectifies Board Meeting Outcome, Clarifies Director Reappointment
Alexander Stamps & Coin Limited resubmitted its Board Meeting outcome from July 22, 2025, correcting a typographical error. The company clarified that Mr. Anirudh Sethi, an Executive Director, will be considered for reappointment at the upcoming AGM, not Mr. Jignesh Soni as initially stated. The Board approved audited financial statements, the annual report, and material related party transactions. The correction ensures compliance with relevant regulations and emphasizes the company's commitment to accurate disclosures.
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Alexander Stamps & Coin Limited has resubmitted its Board Meeting outcome dated July 22, 2025, addressing typographical errors in the original filing. The key correction involves the director recommended for reappointment at the upcoming Annual General Meeting (AGM).
Correction in Director Reappointment
The company has revised its statement regarding the director up for reappointment. Initially, Mr. Jignesh Soni was erroneously mentioned for reappointment. However, the corrected filing now states that Mr. Anirudh Sethi, an Executive Director, will be considered for reappointment at the AGM.
Explanation for the Change
Alexander Stamps and Coin Limited provided a detailed explanation for this correction:
- Mr. Jignesh Soni, being an Independent Director, is not subject to retirement by rotation as per the Companies Act, 2013.
- Mr. Anirudh Sethi, as an Executive Director, is eligible for retirement by rotation and has been recommended for reappointment.
Key Approvals from the Board Meeting
The Board of Directors approved several important matters during the meeting:
- Audited standalone financial statements for the year ended March 31, 2025
- Annual Report for FY 2024-25
- Draft Notice for convening the 33rd AGM to be held on August 23, 2025
- Appointment of Kuldip Thakkar & Associates as Scrutinizer for the upcoming AGM
- Material related party transactions with Managing Director Mr. Anirudh Sethi and Ms. Vandana Sethi
Compliance with Regulations
The company emphasized that this resubmission is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The correction ensures compliance with Section 149 and Section 152 of the Companies Act, 2013, regarding the retirement and reappointment of directors.
Alexander Stamps and Coin Limited has requested stakeholders to take note of these changes, highlighting their commitment to accurate and transparent disclosures.
Historical Stock Returns for Alexander Stamps & Coin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.36% | -0.98% | -1.59% | -19.71% | -36.46% | -16.39% |
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