Omni Axs Software Announces Passing of Independent Director P J Sunderrajan
Omni Axs Software (BSE: 532340) has announced the passing of Mr. P J Sunderrajan, an Independent Director on the company's board. The news was conveyed to the company by Mr. Sunderrajan's family members. Mr. Sunderrajan held the Director Identification Number (DIN) 02639799. The company's Whole Time Director, K Ramakrishnan, signed the official intimation to the Bombay Stock Exchange expressing grief over the loss. Omni Axs Software will need to address this vacancy on its board in accordance with regulatory requirements.
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Omni Axs Software , a company listed on the Bombay Stock Exchange (BSE: 532340), has announced the passing of Mr. P J Sunderrajan, an Independent Director on the company's board. The news was conveyed to the company by Mr. Sunderrajan's family members.
Key Details
| Information | Details |
|---|---|
| Name of Director | Mr. P J Sunderrajan |
| Position | Independent Director |
| Director Identification Number (DIN) | 02639799 |
Company's Statement
In an official communication to the Bombay Stock Exchange, Omni Axs Software expressed grief over the loss. The company's Whole Time Director, K Ramakrishnan (DIN: 00218129), signed the intimation, which stated:
"With grief we inform you that Mr. P J Sunderrajan (DIN 02639799) Independent Director of the Company passed away as per the information received from the Kin of Mr. PJ Sunderrajan."
The company has duly informed the stock exchange about this development, in line with its obligations under the Listing Obligations and Disclosure Requirements (LODR).
Impact on Corporate Governance
The passing of an Independent Director is a significant event for any listed company. Independent Directors play a crucial role in maintaining corporate governance standards, providing unbiased views, and protecting the interests of minority shareholders.
Omni Axs Software will likely need to address this vacancy on its board in due course, in accordance with regulatory requirements.
The company's management and board will undoubtedly feel the loss of Mr. Sunderrajan's experience and contributions. As of now, no information has been provided regarding the appointment of a successor to fill the position left vacant by Mr. Sunderrajan's passing.
Investors and stakeholders of Omni Axs Software should stay tuned for further updates from the company regarding any changes to its board composition in the wake of this unfortunate event.
Historical Stock Returns for Omni Axs Software
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.82% | -5.88% | -12.50% | +20.00% | +1.20% | +38.27% |
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