Intimation of Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Caprolactam Chemicals Ltd has issued a postal ballot notice seeking shareholder approval on four resolutions, with e-voting open from February 28 to March 29, 2026. Two special resolutions propose revising remuneration for CFO-cum-Whole-Time Director Mr. Siddharth Bhanushali (basic salary Rs. 2,00,000/month) and Managing Director Ms. Zaver Bhanushali (basic salary Rs. 1,50,000/month), both effective April 1, 2026. Two ordinary resolutions cover related party transactions: leasing a 339 sq. ft. office in Mumbai from Ms. Shital Bhanushali (spouse of the CFO) at Rs. 65,000/month for 36 months, and raising consultancy fees for Mr. Shankar Bhanushali (spouse of the MD) from Rs. 50,000 to Rs. 80,000 per month. All resolutions were approved by the Board on February 13, 2026, and results will be announced by April 5, 2026.
The resolutions primarily affect the promoter family running the company, with relatively small monetary values (under Rs. 10 lakh annually per transaction). Interested related party shareholders will abstain from voting. Retail investors should review the proposed salary hikes and related party dealings, as the company appears to be a closely-held family-run business.