Posta Ballot Notice in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Asutosh Enterprises Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. S.K. Roychowdhury (DIN: 09116850) as an Independent Director for a second term of 5 consecutive years starting 2nd April 2026. His current term is set to expire on 1st April 2026. The re-appointment is proposed as a Special Resolution, partly because Mr. Roychowdhury is over 75 years of age (born 1st December 1947), which under SEBI's Listing Regulations requires a special resolution for continuation. E-voting runs from 3 March 2026 to 1st April 2026, with results to be declared on 2nd April 2026. Mr. Roychowdhury is a B.Tech (Metallurgical) graduate from IIT Kharagpur with experience in engineering and foundry operations, and also serves on the boards of Hindusthan Udyog Limited and Bengal Steel Industries Limited.
This is a routine governance action with no material financial impact. The re-appointment of an existing independent director is largely procedural, though shareholders should note the director is being retained past the age of 75, which is why a special resolution is being sought. Approval is expected to be a formality.