DPSC Limited has informed the Exchange regarding Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

DPSCLTD · price

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+5.6%1-day move

₹9.65

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₹10.10

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AI summary

India Power Corporation Limited (formerly DPSC Limited) has issued a postal ballot notice seeking shareholder approval for the reappointment of Mr. Anil Kumar Jha as an Independent Director for a second term of 5 years (11th June 2026 to 10th June 2031). Jha, a former Chairman of Coal India Ltd, has served on the Board since 2021 and his current term ends on 10th June 2026. The Board has recommended approval based on his contributions to Board and Committee deliberations. The resolution requires a Special Resolution (75% shareholder approval). Remote e-voting opens on 30th April 2026 and closes on 29th May 2026.

Likely market impact

Shareholders should vote on this routine governance matter. Approval will extend the tenure of an experienced director with significant mining and energy sector expertise for another 5 years.