Notice of Postal Ballot
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Awaiting price reaction for this filing.
EKI Energy Services has sent a Postal Ballot Notice to shareholders seeking approval for the appointment of Ms. Priyanka Dabkara (DIN: 08634736) as Non-Executive Non-Independent Director. She was already inducted as an Additional Director on February 10, 2025, and now requires shareholder approval under SEBI Listing Regulations. She holds a Master's in Computer Applications, has 10+ years of experience, and was previously a Non-Executive Director of the company. The proposed remuneration is up to Rs. 1 crore per annum. E-voting runs from April 4 to May 3, 2025, with results to be declared on or before May 6, 2025. The filing also reveals a sharp financial decline — standalone revenue fell from Rs. 1,25,841 lakhs in FY23 to Rs. 25,885 lakhs in FY24, with the company swinging to a Rs. 12,477 lakh loss.
Ms. Dabkara is the wife of the Chairman & Managing Director Mr. Manish Kumar Dabkara and belongs to the promoter group, meaning this is a promoter-family member re-entering the board and drawing remuneration. Shareholders should weigh the governance implications of additional promoter representation, especially given the company's steep revenue decline and swing to losses in FY24.