Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Postal Ballot Notice along with ....
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E-Land Apparel Limited has sent a postal ballot notice to shareholders seeking their approval to appoint Mr. Woo Sang Kim (DIN: 11458038) as Whole Time Director for a period of 5 years starting January 20, 2026. The proposed remuneration is capped at ₹15.90 lakhs per month, plus commission on incremental turnover, perquisites, and expense reimbursement, with a minimum remuneration clause applicable even if the company has inadequate or no profits. Mr. Woo Sang Kim is a 49-year-old fashion industry professional with over 20 years of experience at the E-Land Group, LF Corp, and Hyungji Fashion Group. The e-voting window runs from March 17, 2026 to April 15, 2026, with results to be announced by April 17, 2026. The company reported turnover growth of about 44% year-on-year, from ₹21,539.37 lakhs in FY24 to ₹31,034.05 lakhs in FY25.
This is a routine governance event involving the appointment of a senior executive from the parent E-Land Group (South Korea). The resolution requires a special majority. Shareholders should review the remuneration terms, especially the minimum remuneration clause that allows payment even during loss-making years, and cast their vote before April 15, 2026.