Intimation of Postal Ballot Notice for appointment of Mr. Jinesh Savla as Whole-Time Director & Chief Executive Officer of the Company
ABANSENT · price
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Abans Enterprises has sent a Postal Ballot Notice seeking shareholder approval to appoint Mr. Jinesh Savla (DIN: 11286253) as Whole-Time Director & CEO for a 3-year term from October 18, 2025 to October 17, 2028. He was earlier appointed as Additional Director on October 18, 2025 and is currently serving as VP – Research Desk and Institutional Fund Raising at Abans Group, with 17+ years of experience in manufacturing, marketing and finance. His total remuneration is capped at Rs. 40 lakh per annum (with ESOPs additional), payable even in case of inadequate profits under Schedule V. E-voting runs from November 20, 2025 to December 19, 2025 and results will be announced by December 23, 2025. The document confirms Mr. Savla is not related to any existing Director or KMP of the company.
This is a routine leadership appointment from within the Abans Group and not expected to materially impact the stock. Shareholders should vote on the postal ballot; the passing of this special resolution formalizes Mr. Savla's CEO role and his remuneration structure for the next 3 years.