Capacite Infraprojects Limited has informed the Exchange regarding Notice of Postal Ballot
CAPACITE · price
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Capacit'e Infraprojects has issued a Postal Ballot Notice for two key items. First, it seeks shareholder approval (Ordinary Resolution) to continue related party transactions with TPL-CIL Construction LLP, an associate company where CIL holds a 35% stake, for up to ₹600 crore (excluding GST) for the period April 1, 2026 to March 31, 2027. This covers ₹475 crore in construction contract revenue, ₹122 crore in material/services purchases, and ₹3 crore in expense reimbursements, linked to the ₹11,744 crore BDD Chawls redevelopment project awarded by MHADA in 2018. The proposed transaction value equals 25.54% of CIL's consolidated turnover. Managing Director & CEO Rahul Katyal is a designated partner in the LLP, making him and his brother Executive Chairman Rohit Katyal interested in the resolution. Second, the company seeks approval (Special Resolution) to appoint Mr. Chilakamarri Lakshmi Narasimha Charyulu (DIN: 09376516) as an Independent Director for a 3-year term from March 25, 2026 to March 24, 2029. E-voting runs from March 28, 2026 to April 26, 2026, with results to be declared on or before April 28, 2026.
This is a routine governance disclosure. The related party transaction is critical to CIL's execution of the large BDD Chawls project, which has been a key revenue driver. Approval is expected given prior shareholder approvals in 2022 and 2025. The Independent Director appointment strengthens board composition. No material share price impact expected, though related parties will abstain from voting on Resolution 1.