Everest Organics Limited has informed exchange about Postal Ballot Notice.
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Everest Organics Limited has issued a Postal Ballot Notice dated November 12, 2025, seeking shareholder approval through remote e-voting for three special resolutions. The first resolution proposes appointing Mr. Venkata Satya Subbarao Pachigolla as Whole-Time Director (Executive Director) for 3 years at a remuneration of Rs. 2,00,000 per month. The second resolution seeks approval to redesignate Mr. Kirankumar Rampally from Non-Executive Non-Independent Director to Non-Executive Independent Director for a 5-year term. The third resolution seeks approval to redesignate Mr. Prasad Venkata Satya Sundara Srikakolapu from Non-Executive Independent Director to Non-Executive Non-Independent Director. Voting opens on November 17, 2025, and closes on December 16, 2025, with results expected by December 18, 2025.
These are routine corporate governance changes requiring shareholder approval. The appointments and redesignations are largely administrative, with Mr. Pachigolla's executive appointment adding a technology/leadership background to the board. No immediate material impact on financials or shareholder value is expected, though the board composition is being reshaped.