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Ashoka Buildcon Ltd. - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

Share Source By

Dion Global

31 Mar 2025

The Board of Directors had sought the approval of the Shareholders of the Company pursuant to the provisions of Section 10 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 for the following Resolutions by way of Postal Ballot :\r\n\r\n1) Approval for re-appointment of Mr. Mahendra Mehta (DIN : 07745442) as an independent director for 2nd term of 5 consecutive years w.e.f. April 01, 2025 ;\r\n\r\n2) Approval for divestment of entire stake held by the Company through Ashoka Concessions Limited, a subsidiary, in Ashoka Ankleshwar Manubar Expressway Private Limited (SPV) a material unlisted subsidiary ;