CMS Info Systems Limited has informed the Exchange regarding Notice of Postal Ballot
CMSINFO · price
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CMS Info Systems Limited has issued a Postal Ballot Notice dated May 19, 2025, seeking shareholder approval for the appointment of Mr. Vishnu Jerome (DIN: 05325285) as a Non-Executive Independent Director of the Company. Mr. Jerome was initially appointed as an Additional Director (Independent) with effect from April 4, 2025, and is now being proposed for a 3-year term ending April 3, 2028. The resolution is being put forward as a Special Resolution, with a fallback to Ordinary Resolution under SEBI Listing Regulations if the special resolution does not receive the requisite majority. The remote e-voting period runs from May 22, 2025 (9:00 AM IST) to June 20, 2025 (5:00 PM IST), with the cut-off date for eligibility set as May 16, 2025. Mr. Jerome, aged 46, is a founding partner at Jerome Merchant + Partners law firm, with nearly two decades of expertise in banking, restructuring, and corporate law, and holds no shares in the Company.
This is a routine governance action seeking shareholder approval for an Independent Director's appointment, which is required by SEBI listing rules. It is unlikely to have a material impact on the stock price, though it reflects board-level strengthening with legal and financial services expertise.