DCM Nouvelle Limited has informed the Exchange regarding Notice of Postal Ballot
DCMNVL · price
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DCM Nouvelle Limited has issued a Postal Ballot Notice seeking shareholder approval via special resolutions for re-appointing two Non-Executive Independent Directors. First, Mr. Vivek Chhachhi (55 years) is proposed for re-appointment for a second term of 5 years from April 1, 2026 to March 31, 2031. He has investment management and private equity experience from CVCI and Citicorp Securities. Second, Mr. Kulbir Singh (78 years) is proposed for re-appointment from June 22, 2026 to May 11, 2027. He has extensive experience in business strategy and financial management from his career at Grindlays Bank starting in 1967. Both directors attended most Board meetings in FY 2025-26 and received sitting fees of Rs 5 lakhs each. The e-voting period runs from May 7 to June 5, 2026.
This is a routine corporate governance matter confirming continuity of experienced independent directors on the board. No material impact on stock price is expected as these are standard re-appointments already vetted by the Nomination and Remuneration Committee. The SEBI regulation approval for Mr. Kulbir Singh to continue beyond age 75 is a compliance requirement.