Garuda Construction and Engineering Limited has informed the Exchange regarding Notice of Postal Ballot
GARUDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garuda Construction and Engineering Limited has issued a Postal Ballot Notice seeking shareholder approval for two key appointments via special resolutions. First, the reappointment of Mr. Krishnakumar Laxman Bangera (75 years old) as Non-Executive Independent Director for a second term of 5 years from June 1, 2026 to May 31, 2031 - requiring special resolution due to SEBI regulation 17(1A) since he has crossed 75 years of age. Second, the regularization of Mrs. Dhruti Harsh Satia as Non-Executive Independent Woman Director, who was appointed as Additional Director on April 21, 2026, for a term of 5 years. Remote e-voting runs from May 8, 2026 to June 6, 2026 through CDSL, with results to be announced by June 8, 2026.
These appointments will strengthen the board's independence and governance. The continuation of Mr. Bangera brings experienced leadership despite his age, while Mrs. Satia's appointment ensures compliance with woman director requirements. Both are routine governance updates that should have a neutral to mildly positive impact on shareholder confidence.