Please find enclosed herewith Notice of Postal Ballot of Associated Coaters Limited.
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Associated Coaters Limited has issued a Postal Ballot Notice for three resolutions to be voted on by members via remote e-voting from February 12, 2026 to March 13, 2026. The first resolution seeks to change Ms. Navneet Kaur's designation from Non-Executive Director to Whole-Time Director for a 5-year term (April 1, 2026 to March 31, 2031) with a basic salary of Rs. 50,000 per month plus standard perquisites. The second resolution seeks to change Mr. Harbhajan Singh Thethi's designation from Whole-Time Director and Chairperson to Non-Executive Director, citing his advancing age and desire to step down from executive responsibilities; he will no longer receive executive remuneration and will only get sitting fees. The third resolution seeks approval for appointing Ms. Navneet Kaur as the Chairperson of the Company effective April 1, 2026. The cut-off date for eligibility to vote is February 6, 2026, and results will be announced by March 17, 2026.
This represents a leadership transition at the top — the current Whole-Time Director & Chairperson is stepping back from executive duties into a non-executive role, while Ms. Navneet Kaur is being elevated to both Whole-Time Director and Chairperson. Shareholders should note the remuneration details (Rs. 50,000/month basic plus perquisites capped at 5% of net profits) and the effective date of April 1, 2026. Material impact on day-to-day operations is limited since it is an internal restructuring, but governance dynamics at the board level are changing.