Notice of postal ballot
Price
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Awaiting price reaction for this filing.
A-1 Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Nitin Rikhavbhai Shah (DIN: 08697467) as a Non-Executive Independent Director for a second term of five consecutive years, not liable to retire by rotation. The proposal follows the recommendation of the Nomination & Remuneration Committee based on his performance evaluation during his first term. Mr. Shah, aged 69, is a retired Regional Manager from National Insurance Company Limited and holds no shares in the company; he received sitting fees of Rs. 39,000 in FY 2024-25 and attended all 10 board meetings that year. E-voting via NSDL runs from October 18, 2025 (9:00 AM) to November 16, 2025 (5:00 PM), with the cut-off date for eligibility set as October 10, 2025, and results expected by November 18, 2025.
This is a routine corporate governance matter with no material financial impact. Shareholders simply need to vote for or against the director's continuation; passage is largely procedural since independent director re-appointments typically receive broad support and rarely move the stock price.