Notice of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhagawati Gas Limited is seeking shareholder approval via postal ballot for two items: (1) Change in designation of Mrs. Shachi Bhardwaj (DIN: 07232850) to Whole-Time Director designated as Executive Director for 5 years from April 1, 2026 to March 31, 2031, at a monthly salary of ₹1,00,000, extendable up to ₹3,00,000 per month, plus perquisites and performance incentives. She is wife of Managing Director Rakesh Samrat Bhardwaj and has been on the board since July 2015. (2) Appointment of M/s ATCS & Associates, a peer-reviewed firm of Practicing Company Secretaries, as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) at a fee of ₹1.25 lakh for the first year with 25% annual escalation. The secretarial auditor appointment requires shareholder approval per a recent SEBI amendment (December 2024). Voting period runs April 8, 2026 to May 7, 2026.
The change elevates a related-party (wife of the Managing Director) to an executive role with defined remuneration, which may raise governance concerns for minority shareholders. The appointment appears routine and has no immediate stock price impact.