NewsStocksIndiaMART InterMESH Seeks Shareholder Approval for Key Appointments and Related Party TransactionIndiaMART InterMESH Seeks Shareholder Approval for Key Appointments and Related Party Transaction
By ScanX News Team
IndiaMART InterMESH Limited has initiated a postal ballot for two resolutions: appointing Ms. Vasuta Agarwal as an Independent Director for a three-year term and approving a related party transaction to appoint Mr. Amit Agarwal as Vice President for Product & Technology. Ms. Agarwal brings 18 years of digital industry experience, while Mr. Agarwal, son of the Managing Director, has expertise in AI and Robotics. The e-voting period is set from July 31 to August 29, 2025.
*this image is generated using AI for illustrative purposes only.
IndiaMART InterMESH Limited , a leading B2B e-commerce platform, has initiated a postal ballot to seek shareholder approval for two significant resolutions. The company aims to strengthen its leadership team and enhance its technological capabilities through these proposed changes.
Appointment of New Independent Director
The first resolution proposes the appointment of Ms. Vasuta Agarwal as an Independent Director for a three-year term, from July 18, 2025, to July 17, 2028. Ms. Agarwal brings over 18 years of experience in the digital industry and strategy consulting domain to the board.
Ms. Agarwal's credentials include:
- A Bachelor's degree in Engineering from BITS Pilani
- An MBA from the Indian Institute of Management, Bangalore
- Previous role as Chief Business Officer at InMobi
- Recognition in various industry lists, including Economic Times' 40 Under Forty and Campaign Asia's Women to Watch
Her appointment is expected to provide valuable insights into digital and tech-driven business scaling, supporting IndiaMART's strategic decision-making and expansion initiatives.
Related Party Transaction for Key Technology Role
The second resolution seeks approval for a related party transaction involving the appointment of Mr. Amit Agarwal as Vice President for Product & Technology. Mr. Agarwal, son of Managing Director and CEO Dinesh Chandra Agarwal, is set to receive an annual remuneration of up to Rs. 84.00 lakhs.
Mr. Amit Agarwal's qualifications include:
- A Bachelor of Science in Mechanical Engineering with a minor in Computer Science from Georgia Institute of Technology
- A Master of Science in Robotic Systems Development from Carnegie Mellon University
- Specialization in AI and Robotics
- Over 8 years of experience with HRL Laboratories and Cashify
His appointment aims to accelerate IndiaMART's AI-driven initiatives and contribute to the company's next phase of growth.
Voting Process and Timeline
The company has engaged the National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Key dates for shareholders to note:
| Event | Date |
|---|---|
| Cut-off date for eligible shareholders | July 25, 2025 |
| E-voting period | July 31, 2025 (9:00 AM IST) to August 29, 2025 (5:00 PM IST) |
IndiaMART has appointed Mr. Devesh Kumar Vasisht of M/s DPV & Associates LLP as the scrutinizer to ensure a fair and transparent voting process.
These proposed appointments reflect IndiaMART's commitment to enhancing its leadership team with diverse expertise in technology and digital business strategies, potentially positioning the company for further growth and innovation in the B2B e-commerce sector.
Historical Stock Returns for IndiaMART InterMesh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | +1.50% | +0.04% | +19.95% | -8.75% | +79.72% |
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