Addi Industries Limited has informed that the Postal ballot under Regulation 30 of SEBI (LODR) regulation, 2015
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Addi Industries Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (February 10 to March 11, 2026) for four resolutions. These include the appointment of Mr. Sandeep Mittal as Whole Time Director for 5 years with proposed remuneration of Rs. 18,00,000 per annum, appointment of Mr. Rajat Goyal as Non-Executive Non-Independent Director, and regularization of Mr. Jai Kishan and Ms. Preeti Jain as Non-Executive Independent Directors for 5-year terms. Mr. Sandeep Mittal holds 11,50,674 equity shares (10.66% of paid-up capital). The company operates in the Garments & Apparels sector and reported revenue of Rs. 537.03 lakhs and net profit of Rs. 311.84 lakhs in FY2024-25, noting inadequate profits for managerial remuneration purposes.
Shareholders will vote on key board changes including a substantial related-party appointment (Mr. Sandeep Mittal holds 10.66% stake). The proposed remuneration cap of Rs. 18 lakhs is being set against the backdrop of inadequate profits, which may draw scrutiny. Outcome of the postal ballot could influence governance structure and investor sentiment in this small-cap company.