Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Exato Technologies Ltd has issued a Postal Ballot Notice dated April 29, 2026 seeking shareholder approval for a Special Resolution to appoint Dr. Milind Raman Godbole (DIN: 00471609) as Non-Executive Non-Independent Director for 3 years effective June 1, 2026. The Board has also proposed an annual consolidated remuneration of Rs. 50 lakh for him, with up to 15% yearly increment, which may exceed the 1% of net profits limit under Section 197 of the Companies Act. The cut-off date for eligibility is April 24, 2026, with e-voting open from May 1, 2026 (9:00 AM) to May 30, 2026 (5:00 PM) and results to be declared by June 1, 2026. Dr. Godbole brings 30+ years of experience in IT, ITES, GCCs and healthcare technology, currently serving as MD of GeBBS Healthcare Solutions. The company's FY25 revenue stood at Rs. 123.37 crore (up from Rs. 113.91 crore in FY24) with net profit of Rs. 9.45 crore (up from Rs. 6.16 crore).
Shareholders of record as of April 24, 2026 can vote electronically on this Special Resolution, which if passed will add a new non-executive director and commit the company to a Rs. 50 lakh annual payout potentially exceeding regulatory profit-linked limits. The appointment signals the company's intent to strengthen governance and pursue technology-led growth, though it adds to fixed director compensation costs.