Postal Ballot Notice Dated 19.03.2026.
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Adline Chem Lab Ltd has issued a postal ballot notice dated March 19, 2026, seeking shareholder approval to appoint Mr. Vrushank Balkrushna Patel (DIN: 05310613) as Chairman and Managing Director for a period of 5 years effective February 10, 2026. This appointment follows the resignation of the previous Managing Director, Mr. Sarang Pathak. Mr. Patel, aged 37, already serves on the board (first appointed April 12, 2025) and holds 10,110 equity shares; he has over 12 years of experience in real estate, ceramic tiles manufacturing, and green energy. His proposed fixed salary is INR 50,000 per month with perquisites capped at 10% of annual fixed salary. Remote e-voting runs from March 26, 2026 (9:00 AM) to April 25, 2026 (5:00 PM), with results to be declared within 2 working days of conclusion.
The appointment restores top leadership after the prior MD's exit and provides strategic continuity, but introduces no major governance red flags. Shareholders will vote on a special resolution for the MD's 5-year tenure and remuneration package.