Pursuant to regulation 30 of the Listing Regulations, we enclose herewith a copy of the Postal Ballot Notice dated May 05, 2026 along with explanatory statement pursuant to Section 102 ....
GARUDA · price
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Garuda Construction and Engineering Ltd is seeking shareholder approval via postal ballot (remote e-voting) for two items. Item 1 is the reappointment of Mr. Krishnakumar Laxman Bangera (75) as a Non-Executive Independent Director for a second 5-year term (June 1, 2026 – May 31, 2031). This requires a special resolution because he has crossed the age of 75, triggering SEBI LODR Regulation 17(1A). Item 2 is the regularization of Mrs. Dhruti Harsh Satia (36), a Company Secretary and former CS of Mercury Trade Links Limited, who was appointed as an Additional Independent Woman Director on April 21, 2026, now seeking shareholder confirmation for a 5-year term. Both candidates have submitted independence declarations under the Companies Act and SEBI LODR.
The appointments strengthen the board's independence and ensure compliance with SEBI LODR requirements, including the requirement for at least one woman independent director. Shareholders should vote, with e-voting open from May 8 to June 6, 2026.