Archidply Industries Limited has informed the Exchange regarding Notice of Postal Ballot

ARCHIDPLY · price

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Price reaction · full curve 14 horizons · vs prior close

-5.8%1-day move

₹87.10

prior close

₹86.04

base price

In-mkt

timing

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-1.2-1.8-1.4-1.3-5.8-8.4-7.7-9.3-9.1-5.9-12.0-6.3-6.4—

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AI summary

Archidply Industries Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Pritam Singh as a Non-Executive Independent Director for a second term of 5 years (June 18, 2026 to June 17, 2031). Mr. Singh's current term as Independent Director ends on June 17, 2026. The Nomination and Remuneration Committee has recommended his re-appointment based on positive performance evaluation during his first term. Mr. Singh has 28 years of experience in consultancy services including business analysis, systems architecture, and project management. He attended all 4 Board meetings in FY 2025-26 and received sitting fees of Rs. 1,50,000. Shareholders can cast their votes electronically between May 17, 2026 and June 15, 2026.

Likely market impact

This is a routine governance matter with no material impact on shareholders. The re-appointment maintains board continuity and independence composition as required under listing regulations.