FDCBSEFDC LtdLowNeutral
Announced Sat, 9 May · 15:34 IST

Corrigendum to Postal Ballot Notice dated April 21, 2026

Management Changes View source PDF

FDC · price

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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹380.25
prior close
₹380.00
base price
After-mkt
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-0.9-0.9-0.5+0.5-0.1-3.0-3.5-4.2-5.8-5.3+4.3-0.6+12.6
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AI summary

FDC Limited has issued a corrigendum to its Postal Ballot Notice dated April 21, 2026, regarding the appointment of Mr. Kishore Mukund Saletore as an Independent Director. The company discovered that the resolution type was incorrectly mentioned as an 'Ordinary Resolution' when it should have been a 'Special Resolution'. This is a typographical correction only. The appointment itself remains unchanged, and shareholders are being asked to treat the voting on this appointment as a Special Resolution. The corrigendum will be read in conjunction with the original notice.

Likely market impact

This correction ensures proper compliance with Companies Act requirements for appointing an Independent Director, which requires a Special Resolution. Shareholders should note that a higher approval threshold now applies to this appointment.