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ASM Technologies Ltd has issued a Postal Ballot Notice seeking shareholder approval to re-appoint Mr. M. Lakshminarayan (DIN: 00064750) as an Independent Director for a second term of five years, from 10 July 2025 to 9 July 2030. His current term expires on 9 July 2025. Since Mr. Lakshminarayan is about 78 years old (born 7 September 1946), the appointment requires a Special Resolution under SEBI LODR Regulation 17(1A), which normally caps non-executive directorships at age 75. E-voting runs from 9 June 2025 to 8 July 2025, with the cut-off date for eligibility set at 30 May 2025. Mr. Lakshminarayan is an IIT Bombay alumnus with over 40 years of experience, formerly Executive Chairman of Harman International India and a long-tenured Bosch executive, and currently sits on boards of Sansera Engineering, TVS Electronics, and others. Last drawn remuneration was Rs. 0.88 million.
This is a routine corporate governance filing. Approval is largely procedural, but because Mr. Lakshminarayan is over 75, the resolution needs a special (higher) majority. Passing the resolution ensures board continuity with an experienced director; non-approval could create a vacancy at the next board meeting.