Arihant Superstructures Limited has informed the Exchange regarding Notice of Postal Ballot
ARIHANTSUP · price
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Arihant Superstructures has sent a postal ballot notice to shareholders seeking approval for two resolutions through remote e-voting. The first resolution seeks approval to appoint Mr. Bhavik Chhajer (DIN: 08475397), aged around 26 and a graduate of Kelley School of Business, as Whole-time Director for 5 years (May 24, 2025 to May 23, 2030) with a maximum remuneration of Rs. 45 lakh per annum. The second resolution seeks regularization of Mr. Abodh Khandelwal, a Chartered Accountant with over 35 years of experience in financial management at firms like Mumbai Metro Rail, as Non-Executive Independent Director for a 5-year term starting June 23, 2025. The company recorded revenue of Rs. 123.72 crore and net profit of Rs. 19.48 crore in FY25, with EPS of Rs. 4.73. E-voting will be open from July 21, 2025 to August 19, 2025, with the cut-off date being July 11, 2025.
This is a routine governance exercise giving shareholders a say in board composition. The appointment of Mr. Bhavik Chhajer signals likely family succession, as he shares the Chhajer surname with Chairman Ashokkumar Chhajer. Approval is expected to be formal, with no direct material impact on stock price.