AksharChem India Limited has informed the Exchange regarding Notice of Postal Ballot
AKSHARCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AksharChem India Limited is seeking shareholder approval via postal ballot for appointing Mr. Devalkumar Indrabal Suthar as Whole Time Director (Executive) for 3 years from May 21, 2026. He is a finance professional with over 15 years of experience, associated with the company since 2010, holding a Master's in Commerce from Gujarat University. His proposed monthly salary is Rs. 126,620. The company reported total income of Rs. 37,262.78 lakhs but posted a Loss Before Tax of Rs. 613.92 lakhs for FY 2025-26. E-voting runs from June 1 to June 30, 2026. This is a Special Resolution requiring shareholder approval.
The appointment of an internal finance leader as Whole Time Director could provide continuity and stability in financial management. However, the company posted losses in FY 2025-26, and the appointment requires special resolution approval given the remuneration may exceed prescribed limits during potential inadequate profit scenarios.