DOMS Industries Limited has informed the Exchange regarding Notice of Postal Ballot
DOMS · price
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Awaiting price reaction for this filing.
DOMS Industries Limited has issued a Postal Ballot Notice dated July 11, 2025, seeking shareholder approval for five director appointments. The resolutions include: (1) Mr. Om Santosh Raveshia as Whole-time Director for 5 years with a fixed salary of ₹3,00,000 per month plus up to 10% performance-based incentive; and (2-5) appointment of four Non-Executive Independent Directors - Mr. Piyush Mehta, Mr. Rohan Ghalla, Mr. Harsh Thakkar, and Mr. Nitesh Shah, each for a 5-year term ending May 18, 2030. The cut-off date for voting eligibility is July 11, 2025. Remote e-voting through NSDL will run from July 16, 2025 (9:00 AM) to August 14, 2025 (5:00 PM), with results to be announced by August 19, 2025. Mitesh Padia, Company Secretary, has signed the filing.
This is a routine corporate governance exercise to formalize the board composition through shareholder approval. No immediate effect on share price is expected, but investors should note the ₹36 lakh annual fixed salary plus incentives being approved for the new Whole-time Director, and the addition of four independent directors strengthens board oversight.