Minolta Finance Limited has issued a corrigendum to its 34th Annual General Meeting notice, announcing the approval of a change in designation for Mrs. Kunjal Gala. She will transition from Non-Executive Director to Executive Director, effective September 30, 2026. This change is intended to allow Mrs. Gala to take a more active role in the company’s day-to-day management and executive functions.
Corrigendum Issued for AGM Notice
Minolta Finance Limited has released a corrigendum for its 34th Annual General Meeting (AGM) notice, originally dated September 8, 2026. The corrigendum addresses an inadvertent omission in the initial notice regarding a proposed change in the designation of a key board member.
Key Board Personnel Change
The primary update concerns Mrs. Kunjal Gala (DIN: 02413184), whose designation is to be changed from Non-Executive Director to Executive Director of the Company. This change is proposed to be effective from September 30, 2026, and will be for a period of 5 years, concluding on September 29, 2031.
Rationale for Designation Change
The company has stated that the proposed change is aimed at enabling Mrs. Kunjal Gala to assume a more active role in the day-to-day management and executive functions of Minolta Finance Limited. Her experience and contributions are expected to drive the company’s growth and development. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has proposed this transition, subject to member approval.
Director Profile Highlights
Mrs. Kunjal Gala brings over 21 years of experience in stock broking, financial services, and capital markets. She holds a Bachelor of Commerce degree and has held positions such as an Insurance Agent with Tata AIA Life Insurance and an Authorized Person for Inventure Growth & Securities Limited. She also holds directorships in other entities, including ANUPAM STOCK BROKING PRIVATE LIMITED, and is a Designated Partner at ADVISORY SERVICES LLP. She is noted as the wife of Mr. Arvind Gala, a Non-Executive Non-Independent Director of the company.
The change in designation is to be approved as a Special Resolution by the shareholders. The company has confirmed that Mrs. Gala is not disqualified from holding such an office and has provided the necessary consent and declarations.
Source: BSE
