The ownership dispute between Baba Kalyani and Sugandha Hiremath in Hikal takes a new turn as Baba loses his board seat in a shareholder vote. He failed to secure the necessary votes needed to continue as Hikal's non-executive, non-independent director due to his age. Sugandha, with a significant stake in Hikal, voted against her brother's continuation as a director. The month-long postal ballot-cum-electronic voting process concluded with about 79% of Hikal shares voted. Hikal is also the center of a legal battle between the siblings.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Gb3PNHV
