Mr.JAG MOHAN is correct.
The procedure adopted by the company is wrong. The company law has prescribed certain matters which are to be adopted at the annual general meeting of the company. Regularisation of office of directors, appointed u/s. 260, is one among them. Which has to be passed in the annual general meeting ony.
Directors appointed as additional directors u/s.260 will hold up to the next agm. Even though the agm is not held, they are deemed to be vacated on the last date of agm.
What is the position of director, if at the egm the resolution was rejected by the sharehoders. They may lose their right to continue up to the date of AGM
In view of this, i opinion that the procedure adopted by the company is wrong.