Notice of Postal Ballot.
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Euphoria Infotech (India) Ltd has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions. The first resolution proposes the re-appointment of Mr. Priyabrata Seal (DIN: 07449685) as Whole-time Director for 3 years from January 12, 2026 to January 11, 2029, with a revised basic salary of Rs. 86,850 per month (pay scale Rs. 75,000–Rs. 1,50,000). The second resolution proposes the re-appointment of Mr. Shamba Bhanja (DIN: 01546020) as Managing Director for the same 3-year term, with a revised basic salary of Rs. 1,04,100 per month (pay scale Rs. 85,000–Rs. 1,75,000). The revised remuneration is effective retrospectively from May 1, 2025, and any arrears will be paid only after shareholder approval. E-voting runs from January 6, 2026 (9:00 a.m.) to February 4, 2026 (5:00 p.m.), with results expected by February 6, 2026. The company has shown strong financial growth, with FY25 turnover rising 121% to Rs. 1,332.75 lakhs and net profit up 93% to Rs. 177.56 lakhs.
This is a routine governance-related postal ballot primarily involving re-appointments and pay revisions for the existing leadership team. Shareholders should note the retrospective pay revision effective May 2025 with arrears payable upon approval – a modest impact on company expenses but consistent with strong FY25 profitability. No change in control or strategic direction is implied.