Corporate News
During a board meeting on August 29, 2026, directors approved a significant expansion into computer software and hardware, consumer electronics, and mobile phone accessories, alongside the re-appointment of Independent Non-Executive Director Ajay Sharma for a five-year term, September 1, 2026 to August 31, 2031, and Non-Executive Non-Independent Director Faizal Bavaraparambil Abdul Khader, who is liable to retire by rotation. Shareholders will vote on these proposals, as well as alterations to the company’s Memorandum of Association and Articles of Association to accommodate the new business line and improve governance, at the upcoming Annual General Meeting. Ajay Sharma brings extensive experience in trading, retail, and financial services, while Faizal Bavaraparambil Abdul Khader has a background in manufacturing and distribution of electronic products. The move aims to capitalize on market opportunities and create shareholder value, with investment details to be determined.