CESC Limited has informed the Exchange regarding Notice of Postal Ballot
CESC · price
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CESC Limited (RP-Sanjiv Goenka Group) has issued a postal ballot notice for three special resolutions requiring shareholder approval via e-voting. The first resolution seeks to appoint Mr. Umang Kanoria as a Non-Executive Independent Director for three years from February 25, 2026. The second resolution seeks to re-appoint Mr. Debanjan Mandal as a Non-Executive Independent Director for a second term of five years from May 10, 2026. The third resolution seeks approval under Section 185 of the Companies Act, 2013 to grant loans or advances of up to Rs. 900 crore to Purvah Green Power Private Limited, a subsidiary of the company, in which one or more directors may be deemed interested. E-voting begins on February 28, 2026 at 9:00 AM and ends on March 29, 2026 at 5:00 PM, conducted through NSDL with Mr. Pankaj Kumar appointed as the Scrutinizer.
This is largely a routine governance exercise, but the Rs. 900 crore loan to subsidiary Purvah Green Power signals capital deployment toward the company's green power business, which could be material for investors tracking CESC's renewable energy expansion. Approval of all three resolutions is expected to be a formality, with no immediate impact on share price expected barring any unexpected dissent from large shareholders.