Damodar Industries Limited has informed the Exchange regarding Notice of Postal Ballot
DAMODARIND · price
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Damodar Industries Limited has issued a Postal Ballot notice to shareholders seeking approval for the appointment of Mr. Suresh Narayan Nayak (DIN: 11588687) as a Non-Executive Independent Director of the company. The appointment is proposed as a Special Resolution for a term of five consecutive years effective from March 17, 2026. Mr. Nayak is a commerce graduate and PGDM holder with over 40 years of banking experience, having held senior leadership roles at YES Bank, Axis Bank, HDFC Bank, and Syndicate Bank. The remote e-voting window opens on March 25, 2026 at 9:00 AM and closes on April 23, 2026 at 5:00 PM. Results will be announced on or before April 25, 2026. The notice has been sent only via electronic mode to shareholders whose email addresses are registered.
This is a routine governance announcement seeking shareholder approval for board composition. The appointment of an independent director strengthens board oversight, and since this is a Special Resolution, it requires a higher voting threshold (75% majority) to pass. Shareholders should review the appointee's profile and cast their vote during the e-voting window.