Vote against Pallon Mistry reappointment: InGovern to S&W shareholders

For Sterling and Wilson (S&W) Solar’s upcoming annual general meeting (AGM), proxy advisory firm InGovern has recommended that shareholders vote against the reappointment of Pallon Mistry (pictured) as director, among other resolutions. At the centre of InGovern’s recommendations is an inter-corporate loan extended to promoters prior to the company’s listing. The board had, last week, approved of a one-year extension to promoters for repayment of pending dues.   S&W Solar will hold its AGM on September 30. On the AGM’s agenda are resolutions for the adoption of a.....

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