FDC Limited has informed the Exchange regarding Notice of Postal Ballot
FDC · price
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FDC Limited has issued a corrigendum to its postal ballot notice dated April 21, 2026. The company is seeking shareholder approval for the appointment of Mr. Kishore Mukund Saletore as an Independent Director. The corrigendum corrects an error where the resolution type was stated as an 'Ordinary Resolution' when it should have been a 'Special Resolution'. This is purely an administrative correction to ensure shareholders are aware of the correct voting threshold required for passing the resolution. All other details of the original postal ballot notice remain unchanged.
This is a routine procedural correction and has no direct impact on the stock. The change from Ordinary to Special Resolution means shareholders will need to approve the appointment with a higher threshold (75% of votes), which is standard for independent director appointments. This indicates proper governance practices.