Aptech Limited has informed the Exchange regarding Notice of Postal Ballot
APTECHT · price
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Aptech Limited has issued a postal ballot notice seeking shareholder approval to regularise the appointment of two Whole-Time Directors (Executive, Non-Independent) - Mr. Neeraj Malik and Mr. Sandip Weling - for a five-year term effective April 29, 2025. Both were initially appointed as Additional Directors by the Board on April 29, 2025, and are internal promotions: Mr. Malik is currently Chief Business Officer (Enterprise Business Group) with an annual remuneration of ₹1.30 crore, while Mr. Weling is Chief Business Officer (Global Retail Business) with ₹1.20 crore. Mr. Malik holds 2,521 equity shares in the company, and neither director is related to existing directors or KMPs. Remote e-voting runs from June 20, 2025 to July 19, 2025, with results to be announced by July 21, 2025.
This is a routine corporate governance action formalising two internal senior executive appointments as Whole-Time Directors. No immediate material impact on shareholders or stock price is expected, though combined fixed remuneration of ~₹2.5 crore per year will be a board-approved expense for the next five years.