Four special resolutions, including on the appointment of an independent director and alteration of the company s articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.
Solar Industries: The dispute between the brothers started when the company secretary, on July 31, 2020, sent a letter to Kailash Chandra Nuwal stating that he had automatically vacated the office on November 7, 2019, after failing to make certain disclosures
Four special resolutions, including on the appointment of an independent director and alteration of the company s articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.