2025-01-30 05:00:00 :
Two independent directors of the board of directors of religious enterprise Co., Ltd. criticized the company in the later bid to promote the later bidding of Danny Gaekwad. Although Chairman Rashmi Saluja moved to the High Court to prevent shareholders from voting, this will determine her. Continuing in Helm in Conglomerate.
Praveen Tripathi and Malay Sinha wrote on January 26 to Vinay Gupta, the company secretary of Reginare, and introduced the GaekWad proposal. The proposal was returned by the market regulatory agency on Tuesday. Although Tripathi said that GUPTA was “unfavorable” to the letter to the letter to the letter without verifying the identity of the sender, but Sinha said that despite the instructions of Gupta’s actions, it still instructed to seek an independent directors committee related matters related to public offer offers. Approval.
Mint has seen a copy of these two emails.
On Friday and Sunday, Gaekwad proposed to propose competition discounts Bleak5,000 million, opposed to the continuous quotation of Burmese people to increase the shares by 26 %. Religion forward the two letters to the Stock Exchange.
Emails sent to Sinha, Tripathi and Religare did not cause any response.
Sinha said in an email when criticizing Gupta’s actions: “In this context, I fully agree with PK Tripathi’s point of view, that is, for the COID (independent directors) This letter that appears and operates the acquirer (four Byman family colleagues) should also be released to the stock exchange.
The two directors are part of the seven religious people. He said that the company secretary should also forward a letter of Berman people responding to Gaocward’s quotation. The seven-person board of religion has five independent directors -Inha, Tripathi, Ahmed, Ranjan Dwivedi and Preteti Madan, coupled with Executive Director Saluja and company secretary Gupta.
Dye duty investigation failed
Myanmar’s letter to religion (not disclosed in the exchange) stated that the company failed to conduct due diligence before the public’s proposal to open Gaekwad. This is interesting. The Berman family said: “Those who participated in the disclosure of these disclosure (letters of GaekWad) published by RER senior management/board of directors have participated in a computing manipulation, fraud and unfair trade practices.”
The Burmese says that Gackward’s plan is invalid and is full of “contradictions and absurdity.” The letter added that the company failed to carefully check GAEKWAD’s certificate and his letter “indulge in, deception and Lu CK’s Lu CK”, which would interfere with the ongoing bidding period. Mint has seen the copy of this letter.
At the same time, Saluja proposed an emergency petition in the Delhi High Court on Wednesday to stop the shareholders on February 7 for her continuous voting of her executive chairman. Gaekwad) was less than 12 hours after the proposal. In her petition, Saluja allowed to be allowed to be chairman, until February 25, 2028, and asked the court to restrict any such agenda of the religious committee. The petition said that the original resolution appointing her as the chairman did not specify that she had to “retire retirement”. Therefore, the resolution of her re -appointment as a director was illegal, and she should be announced as invalid and invalid.
When listening to Saluja’s lawyer Mukul Roosgi, the judge questioned whether he could hear such cases in the High Court and bypass professional forums such as the National Corporation (NCLT). Rohatgi argued that, according to the “Company Law”, no other civil courts were authorized to resolve Saluja’s dissatisfaction and prompt her to seek immediately for the high court for relief.
Although the lawyer of the independent director Nalin Kohli argued that the lawsuit was essentially “almost colluded” and pointed out that the continuous investigation of Saluja Abhishek Manu Singhvi and Mahesh Jethmalani tried to interfere with the hearing, thinking that the board’s decision -making will affect any impact, and determine them with any influence. The court will try the matter again on February 4, 2025.
Bank investor movement
On January 29, Mint reported that an investor in Bangkok sought intervention from the Delhi High Court to stop the public offer of the Berman family.
Tripathi criticized Gupta’s behavior, and he wrote that Gupta should release the Gaakvad’s letter. “At least we can do at least to save our unfair acquirers at least to represent the acquirer (Myanmar) to forward the letter of Abhay Agarwal to communicate with the same speed as forwarding. “
To be sure, this is not the first time that independent directors have expressed dissatisfaction. On January 13, Mint reported that these directors were beneficial to the public offer of Myanmar. This is after GODA Mallikarjun, head of the group compliance of religious groups, quit, and he pointed out that “the position of certain independent directors is inexplicable changes in regulatory communication.”
Reading | Who is Danny Gaekwad-Tycoon accepts Myanmar ’s religious opening offer?
Nevertheless, the changes in positions are closest. In 2023, the Religious Commission rejected the public offer of the Berman family, saying that it was too low and accused the Myanmar people of not being “appropriate and appropriate” to operate a financial service company. In an interview with the Economic Times in November 2023, independent director Ahmed once said that the time of Myanmar, the advantage of the offer is “not very good.”
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