Balu Forge Industries Limited has informed the Exchange regarding Notice of Postal Ballot
BALUFORGE · price
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Balu Forge Industries Limited is seeking shareholder approval via postal ballot for re-appointing two Independent Directors - Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari - for a second term of two years each (June 30, 2026 to June 29, 2028). Both directors were originally appointed on June 30, 2021 for a five-year term that ends on June 29, 2026. Mr. Soni brings over 45 years of experience in PSU banking and financial consultancy, while Mrs. Bhandari has expertise in corporate laws, secretarial compliance, and governance. Both resolutions are Special Resolutions requiring 75% shareholder approval. Voting period runs from May 28, 2026 to June 26, 2026, with results to be announced by June 30, 2026. Neither director holds any shares in the company.
This is a routine board continuity matter ensuring continued independent oversight. The re-appointments maintain the company's compliance with corporate governance norms. No material impact on stock price expected as this is standard governance procedure already approved by the Nomination and Remuneration Committee and Board.