Notice of Postal Ballot of DCM Nouvelle Limited
DCMNVL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Nouvelle Limited is seeking shareholder approval via postal ballot (electronic voting only) for the re-appointment of two Non-Executive Independent Directors. First, Mr. Vivek Chhachhi (55 years, DIN: 00496620) is proposed for a second five-year term from April 1, 2026 to March 31, 2031. He is an investment advisor with 15+ years of private equity experience at CVCI and previously worked as an equity research analyst at Citicorp Securities. Second, Mr. Kulbir Singh (78 years, DIN: 00204829) is proposed for re-appointment from June 22, 2026 until May 11, 2027 — his term is shorter as he will turn 80 on May 12, 2027. Both re-appointments require Special Resolutions. Mr. Singh has already crossed the age of 75, which under SEBI regulations requires member approval by Special Resolution for his continuation. Both directors received sitting fees of ₹5 lakh each in FY 2025-26. The e-voting window runs from May 7 to June 5, 2026, with results expected by June 7, 2026.
Both resolutions are routine governance matters; approval is widely expected as both directors have attended most board meetings and bring relevant expertise. The market is unlikely to react significantly unless there is unexpected opposition, particularly for Mr. Singh's appointment given his age. No change in control or material capital implications.