Enclosed herewith Notice of Postal Ballot.
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Bharat Agri Fert & Realty Ltd has issued a Postal Ballot Notice seeking shareholder approval for the re-designation of Mr. Vijal Yogendra Patel (DIN: 06882828) from Whole-Time Director to Chairman & Managing Director for a 3-year tenure (April 2, 2026 to April 1, 2029). The re-designation follows the demise of Late Mr. Yogendra D. Patel, the previous Chairman & Managing Director, on February 11, 2026, which left a vacancy at the top. Mr. Vijal Patel, a promoter, will receive a salary of Rs. 10 lakh per month plus variable commission, perquisites capped at 20% of annual salary, and other benefits. Shareholders can vote via remote e-voting from April 9, 2026 (9:00 AM) to May 8, 2026 (5:00 PM), with results to be announced within two working days thereafter.
This is a leadership transition triggered by the death of the previous Chairman & MD, with the promoter's son elevated to lead the company, bringing continuity but also concentrating authority within the promoter family. Shareholders should note the enhanced remuneration package (Rs. 1.2 crore annual salary plus commission and perquisites) and that approval is being sought as a Special Resolution because the pay may exceed 5% of net profits.