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Kalyani Investment Co. Ltd. ( (IN:KICL) ) has issued an update.
Kalyani Investment Company Limited has issued a response to Institutional Investors Advisory Services (IIAS) regarding the appointment of Mr. Amit Kalyani as a non-executive director of Hikal Limited. The board of Hikal has recommended his appointment, but IIAS has advised shareholders to vote against it, citing a dispute involving promoter groups. Kalyani Investment, holding a significant share in Hikal, argues that the dispute is not a material factor and emphasizes that Mr. Kalyani has been a non-executive director since 2012 without involvement in daily operations.
More about Kalyani Investment Co. Ltd.
Average Trading Volume: 221
Technical Sentiment Signal: Buy
Current Market Cap: 22.02B INR
Learn more about KICL stock on TipRanks’ Stock Analysis page.