Silicon Rental Solutions Limited Approves Key Board Changes at 9th AGM
Silicon Rental Solutions Limited (SRSL) held its 9th Annual General Meeting on September 18, 2025, approving several board appointments and changes. Mr. Ashok Kumar Jain was appointed as an Independent Director for five years. Mrs. Kanchan Sanjay Motiani was re-appointed as Whole-time Director for another five-year term. Mr. Nikhil Sanjay Motiani's designation changed from Executive Director to Whole-time Director. Mr. Shanu Bhagwandas Mata was re-appointed as Secretarial Auditor for five years. The AGM also adopted financial statements, declared a 10% dividend, and re-appointed Mr. Nikhil Sanjay Motiani as a director liable to retire by rotation.
*this image is generated using AI for illustrative purposes only.
Silicon Rental Solutions Limited (SRSL) held its 9th Annual General Meeting (AGM) on September 18, 2025, where shareholders approved several significant board appointments and changes. The meeting, conducted through video conferencing, lasted from 3:00 PM to 3:36 PM.
Key Appointments and Changes
Independent Director Appointment Mr. Ashok Kumar Jain's appointment as an Independent Director was regularized for a five-year term. Mr. Jain, a chartered accountant with over three decades of experience, brings extensive expertise in corporate finance, private equity, and governance to the board.
Whole-time Director Re-appointment Mrs. Kanchan Sanjay Motiani was re-appointed as Whole-time Director for a second five-year term, from August 20, 2025, to August 19, 2030. With 28 years of experience, Mrs. Motiani heads the company's finance and accounts division.
Change in Directorship Mr. Nikhil Sanjay Motiani's designation was changed from Executive Director to Whole-time Director for a five-year term, effective from August 21, 2025, to August 20, 2030.
Secretarial Auditor Re-appointment Mr. Shanu Bhagwandas Mata was re-appointed as the Secretarial Auditor for five consecutive financial years, from 2025-26 to 2029-2030.
Board Composition and Expertise
The newly structured board brings a diverse range of skills to SRSL:
Mr. Ashok Kumar Jain: A chartered accountant with over 30 years of experience in corporate finance, private equity, and governance. He has successfully led corporate auditing, taxation, and project financing for various enterprises.
Mrs. Kanchan Sanjay Motiani: Holds a Master's degree in Microbiology and has been instrumental in strengthening the company's financial sustainability and governance since its inception.
Mr. Nikhil Sanjay Motiani: Specializes in data-driven marketing, channel development, and client acquisition, focusing on aligning the company's offerings with market trends and customer needs.
Other AGM Proceedings
The AGM also addressed other important matters:
- Adoption of audited financial statements for the year ended March 31, 2025
- Declaration of a 10% dividend (Re. 1 per equity share) for FY 2024-25
- Re-appointment of Mr. Nikhil Sanjay Motiani as a director liable to retire by rotation
The company ensured compliance with regulatory requirements by providing remote e-voting facilities and appointing Mr. Shanu Bhagwandas Mata as the scrutinizer for the voting process.
Silicon Rental Solutions Limited, with its diverse board and strategic appointments, appears well-positioned for continued growth and strong corporate governance in the coming years.
Historical Stock Returns for Silicon Rental Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.71% | +0.82% | -16.96% | -26.42% | -44.59% | +69.05% |
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