Edelweiss Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot
EDELWEISS · price
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Edelweiss Financial Services has sent out a Postal Ballot notice to shareholders for two key resolutions. The first is the appointment of Mr. Venkatchalam Ramaswamy (DIN: 00008509) as a Non-executive Director — he is transitioning from Executive Director, a role he held since February 1996, after being appointed MD & CEO of wholly owned subsidiary EAAA India Alternatives Limited. He is a promoter of the company and holds 6.30% of equity shares (5.95 crore shares), with his relatives holding another 2.54%. The second resolution seeks shareholder approval to pay Independent Directors up to ₹2.50 crore in aggregate per financial year for 3 years starting April 1, 2024, applicable when the company has no profits or inadequate profits (standalone losses in FY25 though consolidated profits reported). Remote e-voting through NSDL runs from June 7, 2025 (9:00 AM) to July 6, 2025 (5:00 PM), with results declared on or before July 8, 2025.
Routine governance exercise — no material financial or strategic impact expected. The director transition is internal and the Independent Director remuneration cap of ₹2.50 crore is modest relative to company size. Shareholders should review and vote by July 6, 2025.