Notice of Postal Ballot Notice
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Coral Laboratories Ltd is seeking shareholder approval via postal ballot to re-appoint Mr. Malay Doshi as an Independent Director for a second term of five years (May 27, 2026 to May 26, 2031). His current term expires on May 26, 2026. Mr. Doshi, a Chartered Accountant and LLB holder, has been on the board since May 2021 and attended all 6 board meetings in FY 2025-26. He runs Malay Doshi & Associates, a professional firm offering audit, tax, and consultancy services. The re-appointment is recommended by the Nomination and Remuneration Committee and requires a Special Resolution passed by shareholders. Voting is conducted electronically through NSDL from April 7 to May 6, 2026, with results to be declared by May 8, 2026.
Shareholders should vote on this re-appointment as it maintains board independence and continuity. Malay Doshi draws annual sitting fees of ₹150,000 and holds no shares in the company. This is a routine governance item unlikely to materially impact the stock price.