Caspian Corporate Services Limited’s Board of Directors convened on September 4, 2026, to address several critical corporate matters. Key approvals included the re-appointment of M/s. M A A K & Associates as Statutory Auditors for five years and Mr. Sukumar Reddy Garlapati as Managing Director for five years, both subject to shareholder approval. The Board also confirmed the 15th Annual General Meeting (AGM) date as September 28, 2026, to be held via video conferencing.
Board Meeting Outcomes
The Board of Directors of Caspian Corporate Services Limited met on Friday, September 4, 2026, to discuss and approve various significant resolutions. A key decision was the approval of the Secretarial Audit Report for the Financial Year 2025-26 and the Director’s Report for the financial year ended March 31, 2026.
15th Annual General Meeting Details
The 15th Annual General Meeting (AGM) of the company’s members has been scheduled for Monday, September 28, 2026, commencing at 03:00 p.m. The meeting will be conducted through Video Conferencing (VC) and other Audio-Visual Means (OVAM). To facilitate the AGM proceedings, the Register of Members & Share Transfer Books will be closed from September 22, 2026, to September 28, 2026, inclusive.
Key Reappointments Approved
The Board approved the appointment of M/s. Mukesh J. & Associates as Scrutinizer for the e-voting process at the upcoming AGM. Furthermore, subject to shareholder approval at the ensuing AGM, the Board approved the re-appointment of Mr. Sukumar Reddy Garlapati (DIN: 00966068) as Managing Director for a period of five years. Additionally, based on the Audit Committee’s recommendation, M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W), were re-appointed as Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the 15th AGM until the conclusion of the 20th AGM in 2031.
Director Remuneration and Appointments
The Board also approved the waiver of recovery of excess remuneration paid to Mr. Sampath Rao Nemmani, Director, for the financial year(s) 2025-26, contingent upon shareholder approval. Increases in overall managerial remuneration for directors and specific limits for Mr. Sukumar Reddy Garlapati, Mr. Sampath Rao Nemmani, and Mr. Naresh Reddy Vattipally were also approved, pending shareholder consent. In a further development, Mr. Vimal Laljibhai Kalaria (DIN: 00029395) was appointed as an Additional and Non-Executive Independent Director for a term of five years, effective from September 4, 2026, also subject to shareholder approval.
The Board meeting commenced at 05:00 PM and concluded at 05:30 PM.
Source: BSE
