Submission of Noitce of the 01/2026-27 Postal Ballot under Regulation 30 of the SEBI (LODR) Regulations, 2015.
BALUFORGE · price
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Balu Forge Industries Ltd is seeking shareholder approval via postal ballot for re-appointing two Independent Directors. Mr. Radhey Shyam Soni (69 years, M.Com) has over 45 years experience in PSU banking and financial consultancy, currently serving as Chairman of Audit Committee, NRC, and other committees. Mrs. Shalu Laxmanraj Bhandari (47 years, Company Secretary) has expertise in Corporate Laws, Secretarial Compliance, and Corporate Governance. Both directors were first appointed on June 30, 2021, for five years, and their term ends June 29, 2026. The re-appointment is for a second term of two years (June 30, 2026 to June 29, 2028). Voting period runs from May 28 to June 26, 2026. Neither director holds any shares in the company or draws remuneration.
The re-appointments maintain board stability and governance continuity. Both directors have attended all 6 board meetings in FY 2025-26, indicating active participation. Shareholders should note this is a routine governance matter with no material impact on stock price expected.